Determine the outstanding balance of an electronic gadget which was bought with a down payment of P20,000 and a regular payment of P2799 every month for 24 months at 2 1/2% compounded monthly. A P65,457.77 B) P88,810.28 C) P68,810.28 D P85,457.77
Determine the outstanding balance of an electronic gadget which was bought with a down payment of P20,000 and a regular payment of P2799 every month for 24 months at 2 1/2% compounded monthly. A P65,457.77 B) P88,810.28 C) P68,810.28 D P85,457.77
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...
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![Determine the outstanding balance of an electronic gadget which was bought with a down payment of P20,000 and a regular
payment of P2799 every month for 24 months at 2 1/2% compounded monthly.
(A) P65,457.77
B P88,810.28
P68,810.28
P85,457.77](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0464ddc5-75de-49cb-9cb2-e3484f624c94%2F6ba71ccf-633b-4dcc-b90c-512692e6ac6a%2Fcvubd9j_processed.png&w=3840&q=75)
Transcribed Image Text:Determine the outstanding balance of an electronic gadget which was bought with a down payment of P20,000 and a regular
payment of P2799 every month for 24 months at 2 1/2% compounded monthly.
(A) P65,457.77
B P88,810.28
P68,810.28
P85,457.77
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