ent cash price. 5,831.86 5,831.82 5,381.68
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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[item-8] PLEASE PROVIDE THE CORRECT AND SOLUTION. (kindly provide complete and full solution. i won't like your solution if it is incomplete or not clear enough to read.)
![To buy a certain item, one must pay P2,500 every quarter for
2 years. If interest is at 16% compounded quarterly, find the
equivalent cash price.
a. P16,831.86
b. P16,831.82
c. P16,381.68
d. P16,831.89](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa277f926-8250-4958-b518-42e6605c2cc9%2F767ffd0c-bb9d-4ee2-bc27-c630c7cdb1c5%2Fhd6c06v_processed.png&w=3840&q=75)
Transcribed Image Text:To buy a certain item, one must pay P2,500 every quarter for
2 years. If interest is at 16% compounded quarterly, find the
equivalent cash price.
a. P16,831.86
b. P16,831.82
c. P16,381.68
d. P16,831.89
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