BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
Question
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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?
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PHP 1, 061, 450
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PHP 24, 495
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PHP 66, 666.69
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PHP 571, 550
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Explanation:
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