The Filipino helper of Kim Tae Hyung bought a 23.2 cubic feet smart refrigerator for 198,095Php. She paid a 50,000Php downpayment and used her credit card to pay the balance on an installment basis monthly for 3 years. The interest rate charged is 8% compounded monthly. What is the oustanding balance after the 24th payment? A 102,609.73Php B 49,064.07Php 53,349.16Php 167,067.36Php
The Filipino helper of Kim Tae Hyung bought a 23.2 cubic feet smart refrigerator for 198,095Php. She paid a 50,000Php downpayment and used her credit card to pay the balance on an installment basis monthly for 3 years. The interest rate charged is 8% compounded monthly. What is the oustanding balance after the 24th payment? A 102,609.73Php B 49,064.07Php 53,349.16Php 167,067.36Php
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...
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