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please answer and make solution Greg makes a P50,000.00 credit purchase and agrees to repay the credit in two equal monthly payments of P25,000.00. For

please answer and make solution

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Greg makes a P50,000.00 credit purchase and agrees to repay the credit in two equal monthly payments of P25,000.00. For each month, he must pay 10% annual rate on the unpaid balance . To summarize what he must pay, complete the table below: Total New Balance Month Unpaid Monthly Principal Payment Balance Interest Payment 1 at Month 2nd Month

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