how much is the cash price
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question 7
The buyer of a car pays PhP169,000 cash and
PhP12,000 every month for 5 years. If money is 10%
compounded monthly, how much is the cash price
of the car?
Note: Input the amount only, with comma and
rounded to two decimals. Do not input the peso sign.
(Example: 16,435.50)
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