Engr. Salvador has to pay her bill in credit card in instalment basis. First payment is P50,000 at the end of 1st year, ₱20,000 at the end of 3rd year, ₱30,000 at the end of 6th year and ₱8,000 at the end of 8th year. How much is the total payment of Engr. Salvador after 10 years at a rate of 10% per annum?

Engr. Salvador has to pay her bill in credit card in instalment basis. First payment is P50,000 at the end of 1st year, ₱20,000 at the end of 3rd year, ₱30,000 at the end of 6th year and ₱8,000 at the end of 8th year. How much is the total payment of Engr. Salvador after 10 years at a rate of 10% per annum?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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