Assuming you have seen a car displayed in a mall with installment price of P500,000 with no interest. It is payable in installments of P10,000 at the end of each month. How much is the cash price of...

Assuming you have seen a car displayed in a mall with installment price of P500,000 with no interest. It is payable in installments of P10,000 at the end of each month. How much is the cash price of the car if the prevailing market rate of interest is 10% per year?