A brand new pick-up truck was bought for P420,000.00 down payment and monthly installments of P10,000.00 at the end of each month for 3 1/2 years. What is the cash price of the truck if money is worth 18% compounded monthly? Select one: O a. P309,940.50 b. P729,940.50 O c. P95,502.38 d. P475,502.38 O e. No answer

A brand new pick-up truck was bought for P420,000.00 down payment and monthly installments of P10,000.00 at the end of each month for 3 1/2 years. What is the cash price of the truck if money is worth 18% compounded monthly? Select one: O a. P309,940.50 b. P729,940.50 O c. P95,502.38 d. P475,502.38 O e. No answer

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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