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How much is the remaining liability

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Question - Luffy buys a car and pays 200,000 cash and a condition to pay 15,000 at the end of each month for 2 years to pay all the principal and interest at the rate of 6% compounded monthly: Answer the following cases:

How much is the cash price of the car?

How much is his remaining liability at the beginning of the 10th instalment of 15,000?

How much is the interest accrued at the end of the 7th instalment?

How much is the remaining liability if the covenant is revised to pay 15,000 at the end of each quarter at the end of the 3rd installment?

How much is the cash price of the car if the covenant is revised to pay 15,000 at the end of each quarter for 2 years?

Reference no: EM133146021

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