Polly purchased a car. She paid P150,000 as down payment and pays P5,500 at the end of each month for 48 months. If the interest is 7.8% compounded monthly, how much was the car worth?
Polly purchased a car. She paid P150,000 as down payment and pays P5,500 at the end of each month for 48 months. If the interest is 7.8% compounded monthly, how much was the car worth?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 18PROB
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