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Assessment 1. Answer the following problems 1. The buyer of a car pays P 169,000 cash and P 12,000 every month for 5 years.

Assessment 1. Answer the following problems 1. The buyer of a car pays P 169,000 cash and P 12,000 every month for 5 years. If money is 10% compounded monthly, how much s the cash price of the car? 2. The buyer of a lot pays P 50,000 cash and P 10,000 every month for 10. years. If money is 8% compounded monthly how much is the cash value of the lot?

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