For items XXXXXXXXXXA car is to be purchased in monthly payments of P17,000 for 4 years starting at the end of 4 months. How much is the fair market value of the car if the interest rate used is 12%...

For items 14-15. A car is to be purchased in monthly payments of P17,000 for 4 years starting at the end of 4 months. How much is the fair market value of the car if the interest rate used is 12% converted monthly and down payment is 65,000?

_____14. How much is the present value of the car?

A. 620,367.89 B. 626,571.57 C. 666,505.52 D. 659,906.45

_____15. How much is the fair market value?

A. 724,906.45 B. 731,505.52 C. 691,571.57 D. 685,367.89