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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
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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Solution Monthly instalment P10000 Time n 60 months Monthly interest ...
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
