landonreed4422 landonreed4422
  • 22-03-2024
  • Business
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A person borrowed PhP1,200,000 for the purchase of a car. If his monthly payment is PhP31,000 on a 5-year mortgage, find the total amount of interest.

A. PhP660,000
B. PhP1,200,000
C. PhP1,860,000
D. PhP1,231,000

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