What is the cash price of residential building

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Question

A residential building can be acquired at a down payment of P800,000 and a yearly payment of P125,000 at the end of each year for a period of ten years, Starting at the end of 5 years from the date of the purchase. IF money is worth 11.5% compounded quarterly, what is the cash price of the residential building?

Reference no: EM133238578

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