A car was bought on installment basis with a monthly installment of Php10,000 for 60 months. If interest is 12% compounded annually calculate the cash price of the car.
A car was bought on installment basis with a monthly installment of Php10,000 for 60 months. If interest is 12% compounded annually calculate the cash price of the car.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:A car was bought on installment basis with a monthly installment
of Php10,000 for 60 months. If interest is 12% compounded annually
calculate the cash price of the car.

Transcribed Image Text:Situational Problems: Show the required, solution and box your final
answer on your answer sheets. Variables used outside of the discussion
not be credited with full points unless defined.
will
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