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

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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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
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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