Ms. Illeto bought a laptop and paid Php 10,000.00 for a down payment l. The remaining amount is to be settled by paying Php 700.00 each monthly for a 3 years. If the interest is 5% compounded monthly l, what is the cash price of her car?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
icon
Related questions
Question
Ms. Illeto bought a laptop and paid Php 10,000.00 for a down payment l. The remaining amount is to be settled by paying Php 700.00 each monthly for a 3 years. If the interest is 5% compounded monthly l, what is the cash price of her car?
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning