A company has approved a car plan for its six senior officers in which the company will shoulder 25% of the cost and the difference payable by each officer to a financing company in 48 equal ends of the month installments at an interest rate of 1.5% per month. If the cost of each car is P 350,000, determine the amount each officer has to pay the financing company per month?
The company will shoulder 25% of the cost of each car, so the amount to be shouldered by the company is 25/100 * P350,000 = P 87,500.
The difference that each senior officer has to pay to the financing company is equal to the cost of the car minus the amount shouldered by the company, so it is equal to P 350,000 - P 87,500 = P 262,500.
The monthly interest rate is 1.5/100 * P 262,500 = P 3,937.5.
Therefore, each officer has to pay the financing company P 3,937.5 per month. Answer: \boxed{3937.5}.