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Ms.Sue was selling a house for a cash price of 5 million pesos but agreed to have it paid on monthly installment for 5 years.

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Ms.Sue was selling a house for a cash price of 5 million pesos but agreed to have it paid on monthly installment for 5 years. If the rate of interest is 4% compounded monthly, how much should the monthly installment be. Assume installments are paid at the end of each month

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