A car on sale costs P2,850,000.00 and requires a 10% down payment if purchased on an installment basis. The remaining balance will be paid through bank at 6.75% interest for four (4) years, compounded monthly, and loan is amortized. Set A 1. How much is the actual down payment? 2. How much is the beginning balance? 3. How much is the monthly payment (repayment R)? 4. How much money is paid in total? (A. including the down payment; B excluding the down payment) 5. How much is the total interest?

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