BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS MATHEMATICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A Mitsubishi car is priced at P1, 633, 000.00. The cardealer is asking for a 35% down payment and an installmentterm of 5 years at a monthly interest of 1.5%. How much is thetotal down payment?
A
PHP 1, 061, 450
B
PHP 24, 495
C
PHP 66, 666.69
D
PHP 571, 550
Explanation: 
There is 1 question to complete.