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Example A manufacturing plant installed a new boiler at a cost of P150,000 and estimated to have a useful life of 10 years. 000 down and promising to pay P15, 000 every 3 months for the next 10 years. The seller figured interest at 12% compounded quarterly. a).What was the cash price of the lot? (A/F, 10%, 6) = P13,724.88 (( ..) 39. A

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