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 A car dealer advertise the sale of a car model far a cash price of P280,000

Accounting

 A car dealer advertise the sale of a car model far a cash price of P280,000. If purchased in installment, the required down payment is 15% and balance payable in 18 equal monthly installments at an interest rate of 1.5% per month. How much will be the required monthly payments? 
 

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