Adrian pays P718822 cash and the balance in 43 quarterly payments of P29243 for a house and lot. If money is worth 7% converted quarterly, what is the cash value of the house and lot? Round your answer to 2 decimal places.

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 15E
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Adrian pays P718822 cash and the balance in 43 quarterly payments of P29243 for a house and lot. If money is worth 7% converted
quarterly, what is the cash value of the house and lot?
Round your answer to 2 decimal places.
Add your answer
Transcribed Image Text:Adrian pays P718822 cash and the balance in 43 quarterly payments of P29243 for a house and lot. If money is worth 7% converted quarterly, what is the cash value of the house and lot? Round your answer to 2 decimal places. Add your answer
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