A laptop was bought for 10,000 php plus a monthly installment of 4,500 php scheduled to be paid at the end of every month. The monthly payment is to be completed after 1 year. If the interest is 1% compounded monthly, how much was the total amount of interest paid? A 144.44 php B 10,000 php 291.37 php 9,900 php

A laptop was bought for 10,000 php plus a monthly installment of 4,500 php scheduled to be paid at the end of every month. The monthly payment is to be completed after 1 year. If the interest is 1% compounded monthly, how much was the total amount of interest paid? A 144.44 php B 10,000 php 291.37 php 9,900 php

Intermediate Algebra

19th Edition

ISBN:9780998625720

Author:Lynn Marecek

Publisher:Lynn Marecek

Chapter12: Sequences, Series And Binomial Theorem

Section12.3: Geometric Sequences And Series

Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...

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