A car was bought with a down payment of P300,000 and P20,000 at the end of every month for 3 years to discharge all principal and interest rate of 12% compounded monthly. Find the cash price of the car.

The monthly rent of an apartment is P18,000 payable at the beginning of each month. If money is worth 15% compounded monthly, what is the cash equivalent of 3 years rent?

Answer rating: 100% (QA)

To find the cash price of the car we need to calculate the total amount of money paid over ... View the full answer