document.write( "Question 932104: Bruno wants to buy a boat which costs P1,700,000. He has saved P500,000, which he will use as a deposit, and he will finance the rest of it by taking out a loan to be paid back in equal monthly installments, amortized over 5 years at an annual interest rate of 12%. What will his monthly payments be? \n" ); document.write( "
Algebra.Com's Answer #566010 by TimothyLamb(4379)\"\" \"About 
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1700000 - 500000 = 1200000
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\n" ); document.write( "loan amount = 1200000
\n" ); document.write( "annual interest = 12%
\n" ); document.write( "term = 5 years
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\n" ); document.write( "copy and paste the above data in to this solver:
\n" ); document.write( "https://sooeet.com/finance/amortization-calculator.php
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\n" ); document.write( "solution:
\n" ); document.write( "monthly payment: 26,693.34
\n" ); document.write( "total amount paid: 1,601,600.23
\n" ); document.write( "total interest paid: 401,600.23
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