A commercial bldg. can be acquired at a down payment of P500,000 and a yearly...
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Accounting
A commercial bldg. can be acquired at a down payment of P500,000 and a yearly payment of P100,000 at the end of each year for a period of 10 years, starting at the end of 5 years from the date of purchase. If money is worth 12% compounded yearly. What is the cash price of the commercial bldg.? CASH FLOW DIAGRAM is needed.
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