What is the total collection on jan

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Problem 1: On Sept 30,2015, Barry bought a car for P3,600,000. A down payment of P1,600,000 was made, with the balance due in 10 monthly installments, the first to be made at the end of October, Barry is to make monthly payments of P200,000 plus interest on the unpaid balance at 12%. What is the total collection on Jan 31, 2016?

Reference no: EM132810114

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