Mathematics, 01.02.2021 07:30 krayag
Polly purchased a 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%
compounded monthly.
A. What is the periodic rate?
B. How many payments must be made?
C. What is the equivalent cash prize of the car?
Help m thank you
Answers: 2
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Polly purchased a car. She paid ₱150,000.00 as down payment, and
₱5,500.00 payable at the beginning...
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