Davao Transport Company purchased five additional utility buses which were selling at P1,800,000 each. The...
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Accounting
Davao Transport Company purchased five additional utility buses which were selling at P1,800,000 each. The company made a down payment of P1,500,000, and the balance was payable every end of the month for 8 years. If money was worth 6% compounded monthly, find the size of the monthly payment.
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