1. You are offered to purchase a 500 cc motorcycle for Php 78,000 by two dealers. Dealer A’s terms included a down payment of Php 5,000 and 12 end-of-the-month payments of Php 7,000. Dealer B offered the same price and down payment with an interest rate of 1% per month on the unpaid balance. Which dealer offered the cheaper price to you?

Answer rating: 100% (QA)

To compare the prices offered by the two dealers we need to calculate the total amount that we would ... View the full answer