With i = 15% and n = 10, what is the uniform annual cost if initial cost is P25k and decrease of P1.5k a year.   a. P17,925.206 b. P15,925.206 c. P21,925.206 d. P19,925.206

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 6MC: If a company has fixed costs of $6.000 per month and their product that sells for $200 has a...
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With i = 15% and n = 10, what is the uniform annual cost if initial cost is P25k and decrease of P1.5k a year.

 
a. P17,925.206
b. P15,925.206
c. P21,925.206
d. P19,925.206
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