10. A car was purchased under these terms: 30, 000 down and 5, 000 each month for 5 years. If the money is worth 12%, find the cash price of the car. a. 224, 775.19 b. 254, 775. 19 c. 300, 775. 19d d. 302, 775.19
10. A car was purchased under these terms: 30, 000 down and 5, 000 each month for 5 years. If the money is worth 12%, find the cash price of the car. a. 224, 775.19 b. 254, 775. 19 c. 300, 775. 19d d. 302, 775.19
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:10. A car was purchased under these terms: 30, 000 down and 5, 000 each month for 5 years. If the
money is worth 12%, find the cash price of the car.
a. 224, 775.19
b. 254, 775. 19
c. 300, 775. 19d
d. 302, 775.19
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