Polly purchased car She paid 150,000 00 as down payment and 5,500 00 payable at the beginning of each month for 48 months Money is worth 12 compound monthly What is the periodic rate 1 12 0 01 2 How many payments must be made 12 24 6 48 What is the equivalent cash price of the car 210,945 35 340,09...

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Polly purchased car. She paid 150,000.00 as down payment and 5,500.00 payable at the beginning of

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Polly purchased car. She paid ₱ 150,000.00 as down payment and ₱5,500.00 payable at the beginning of each month for 48 months. Money is worth 12% compound monthly.

What is the periodic rateⱾ
_1%
_12%
_0.01%
_2%
How many payments must be madeⱾ
12
24
6
48
What is the equivalent cash price of the carⱾ
₱210,945.35
₱340,091.59
360,945.35
₱490,091.59

Related Book For answer-question

Principles of Accounting

ISBN: 978-1133626985

12th edition

Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson

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Posted Date: Jan 30, 2021 02:20 AM

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Principles of Accounting

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