Q3.2

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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Q3.2
The Filipino helper of Kim Tae Hyung bought a 23.2 cubic feet smart refrigerator for
198,095Php. She paid a 50,000Php downpayment and used her credit card to pay the
balance on an installment basis monthly for 3 years. The interest rate charged is 8%
compounded monthly. How much is her monthly payment?
A
4,640.76Php
4,667.55Php
6,736.61Php
6,697.94Php
Transcribed Image Text:The Filipino helper of Kim Tae Hyung bought a 23.2 cubic feet smart refrigerator for 198,095Php. She paid a 50,000Php downpayment and used her credit card to pay the balance on an installment basis monthly for 3 years. The interest rate charged is 8% compounded monthly. How much is her monthly payment? A 4,640.76Php 4,667.55Php 6,736.61Php 6,697.94Php
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