Adrian pays ₱618312 cash and the balance in 22 quarterly payments of ₱27442 for a house and lot. If money is worth 2% converted quarterly, what is the cash value of the house and lot?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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Adrian pays ₱618312 cash and the balance in 22 quarterly payments of ₱27442 for a house and lot. If money is worth 2% converted quarterly, what is the cash value of the house and lot?   

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