question archive You are to pay a bill in Meralco every month for 5 years

You are to pay a bill in Meralco every month for 5 years

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You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you paid is 60k pesos at a rate of 6% per year. The first payment is done after 4 years. How much are you paying every payment?

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