Jungkook purchased a new car under these terms: 800,000 php downpayment and 17,500 php each month for 5 years. If the interest is 12% compounded monthly, what is the cash price of the car?
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Jungkook purchased a new car under these terms: 800,000 php downpayment and 17,500 php each month for 5 years. If the interest is 12% compounded monthly, what is the cash price of the car?
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- kenzo decided to buy a brand new car worth php 1, 200, 000 and plan to amortize the loan in monthly installments for 3 years with 50% down payment in 6% interest. How much will be the monthly installment?How much is the cash price of the car if Mrs Ocampo is to pay Php 21,000 monthly in 5 years? The interest rate is 10% compounded monthly and her downpayment is Php 120,000.Jin decided to buy his dream car worth 1,125,000 pesos. The seller requires a 20% down payment while the rest of the payment will be settled in 15 years with an interest rate of 3% per year compounded every month. a.) Find Jin’s monthly payment. b.) If after 10 years, he decided to pay off the loan, calculate the amount he has to pay. Note: for <a.)> is the monthly payment 6215.47 or 6215.23 ?
- Mrs. Lim's purchase contract for a house and lot specifies that she will pay $500,000 cash and $45,000 at the end of each month for 10 years at the interest rate of 17% converted monthly. What is the cash value of the house and lot? Round off answer to the nearest peso.Polly purchased a car. She paid ₱150,000.00 as down payment, and ₱5,500.00 payable at the beginning of each month for 48 months. Money is worth 12% compounded monthly.What is the periodic rate? How many payments must be made? What is the equivalent cash price of the car?The price of a new car is $20000. Assume that an individual makes a down payment of 25% toward the purchase of the car and secures financing for the balance at a rate of 4.2% per year compounded monthly. What monthly payment will the individual be required to make if the car is financed over a period of 48 months? What will the individual pay in interest charges over the period of 48 months?
- Jin decided to buy his dream car worth 1,125,000 pesos. The seller requires a 20% down payment while the rest of the payment will be settled in 15 years with an interest rate of 3% per year compounded every month. a.) Find Jin’s monthly payment. b.) If after 10 years, he decided to pay off the loan, calculate the amount he has to pay.Polly purchased a car. She paid ₱150,000.00 as down payment, and₱5,500.00 payable at the beginning of each month for 48 months. Money is worth 12% compounded monthly. What is the periodic rate? How many payments must be made? What is the equivament cash price of the car?To help finance the purchase of a house and lot , a couple borrows P350,000. The loan is to be repaid in equal monthly installment over a period of 8 years. If the interest rate is converted monthly, how much is the monthly payment at 15% 5. interest?
- John made a down payment of RM20,000 toward the purchase of a car. He secured a 9-year loan from a bank at 3% per year compounded monthly. Under the term of the loan agreement, he has to make a payment of RM715 at the end of each month. i. What is the purchase price of the car? And what is the interest paid?Polly purchased a car. She paid ₱150,000.00 as down payment, and₱5,500.00 payable at the beginning of each month for 48 months. Money is worth 12% compounded monthly.a.) What is the periodic rate?b.) How many payments must be made?c.) What is the equivalent cash price of the car?Mang Moises needed a refrigerator for his canteen, The refrigerator, which costs P:26,000, may be paid on a monthly installment basis in a certain store. He gave a down payment of P5,000 to the store, and then he will pay the remaining balance on a monthly basis for 9 months at an 8% interest rate, compounded monthly. How much will be his monthly amortization?