A car was bought on an installment basis with a monthly installment of P10,000 for 60 months.

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A car was bought on an installment basis with a monthly installment of P10,000 for 60 months. If interest is 12% compounded annually calculate the cash price (in P, roundoff to 2 decimal places) of the car.

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Practical Financial Management

ISBN: 978-1305637542

8th edition

Authors: William R. Lasher

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Posted Date: Aug 04, 2021 04:51 AM

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A car was bought on an installment basis with a monthly installment of P10,000 for 60 months.

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Solution Monthly instalment P10000 Time n 60 months Monthly interest ... View the full answer

Practical Financial Management

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