certain appliance depot sells a new smart phone for 18,000 php. It offers the buyer payments of 405 php per month for 5 years. Assuming that the interest is compounded monthly, what interest rate is this depot charging?  A. 12.5% B. 7.5% C. 10.75% D. 5.25%

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A: Since you have posted multiple questions and we can answer one question. So, answered question…