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- Panpan purchased a car. She paid 250,000 as down payment, and 5,500 payable at the beginning of each month for 48 months. Money is worth 12% compounded monthly. 1. What is the equivalent cash price of the car? 2. What is the periodic rate?Polly purchased a car. She paid ₱150,000 as down payment and pays ₱5,500 at the end of each month for 48 months. If the interest is 7.8% compounded monthly, how much was the car worth?Matt purchased a car for 22,000 he paid 4400 as a down payment and financed the balance at 3.7% compounded monthly for 5 years, A. What is the size of payment made at the end of every month? B. What was the amount of interest for the entire loan?
- Polly purchased a car. She paid ₱250,000 as down payment, and ₱15,000 payable at the beginning of each month for 48 months. If money is worth 12% compounded monthly, what is the equivalent cash price of the car?Jake bought a car. He made a down payment of 20,000 pesos and the remaining balance through monthly payments of 15,000 pesos for 10 years with an interest of 6.5% compounded monthly. How much is the cash value of the car? Group of answer choices 1,341,027.50 1,800,000 1,321,027.50 1,917,000Peggy made a down payment of $400 toward the purchase of new furniture. To pay the balance of the purchase price, she has secured a loan from her bank at 6%/year compounded monthly. Under the terms of her finance agreement, she is required to make payments of $75.32 at the end of each month for 24 months. What was the purchase price of the furniture
