Find the cash price of a generator

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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with formula pls ill rate thank u

Find the cash price of a generator which was bought in installment
basis that requires a down payment of P50,000 and payment of
P50,000 after 2years,anotherP40,000 3 yrs. after that and a final
payment of P80,000 4 years after the last payment made at a rate
of 15% per annum.
Transcribed Image Text:Find the cash price of a generator which was bought in installment basis that requires a down payment of P50,000 and payment of P50,000 after 2years,anotherP40,000 3 yrs. after that and a final payment of P80,000 4 years after the last payment made at a rate of 15% per annum.
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