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Answered

the buyer of car pays P 200,000.00 cash and P 9,500.00 every month for 5 years. If money is 9.5% compounded monthly, how much is the cash price of the car? ( SIMPLE ANNUITY)


pa-help po.​

Sagot :

Jujiboigo

Answer:

P270,000.00

yan po

Explain kopo

9500.00x5 = 45,000

500x5

25.000

25.000×45,000=70,000

200,000,00×70,000

=P270,000.00

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