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?...

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?