Activity 1.3
Answer the following problems:
1. The buyer of a car pays P 169,000 cash and P 12,000 every month
for 5 years. If money is 10% compounded monthly, how much s the
cash price of the car?
2. The buyer of a lot pays P 50,000 cash and P 10,000 every month for
10 years. If money is 8% compounded monthly how much is the
cash value of the lot?​