Carlos Menton purchases a new laptop computer from Knox Computer Solutions for P1499. If the sales tax is 4.25% of the purchase price and Carlos finances the total cost, including sales tax, for 3 years at an annual interest rate of 8.4%, find the monthly payment.
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Step-by-step explanation:
total cost = 1499*4.25% = 1562.71
monthly payment is SI
SI = 1562.71*8.4*3/100= 441.46
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