Maritess bought a television set using her credit card with monthly payment of 1,200 php at 3% interest rate compounded monthly with no down payment required. The purchase is payable for 24 months. How much is the cash price of the television set? 29,643.39 php B 26,743.25 php 27,919.18 php 28,800.00 php

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
icon
Related questions
Question
Question 19
Maritess bought a television set using her credit card with monthly payment of 1,200 php
at 3% interest rate compounded monthly with no down payment required. The purchase is
payable for 24 months. How much is the cash price of the television set?
29,643.39 php
26,743.25 php
27,919.18 php
28,800.00 php
Question 20
Mark horrowed 65 000 phn from Bhenz under the following conditions:
Transcribed Image Text:Question 19 Maritess bought a television set using her credit card with monthly payment of 1,200 php at 3% interest rate compounded monthly with no down payment required. The purchase is payable for 24 months. How much is the cash price of the television set? 29,643.39 php 26,743.25 php 27,919.18 php 28,800.00 php Question 20 Mark horrowed 65 000 phn from Bhenz under the following conditions:
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

Blurred answer