Economics A car was bought on instalment basis with a monthly instalment of P 10,000 for 60 months. If interest is12% compounded annually, calculate the cash price of the car.Оа. Р455,875.00OБ. Р678,519.75Ос. Р 567,539.75O d. P 345,539.75

The given problem can be solved using PV function in excel. PV function computes loan amount (price…

Answered: 2% compounded annually, calcula O a. P…

Business

Finance

2% compounded annually, calcula O a. P 455,875.00

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 1PB: Sub-Cinema Inc. borrowed $10,000 on Jan. 1 and will repay the loan with 12 equal payments made at...

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Concept explainers

Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

Economics

A car was bought on instalment basis with a monthly instalment of P 10,000 for 60 months. If interest is
12% compounded annually, calculate the cash price of the car.
Оа. Р455,875.00
OБ. Р678,519.75
Ос. Р 567,539.75
O d. P 345,539.75

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