the first due at the end of x years. Find x. a. 4 b. 7 c. 3 d. 8

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 15MC: Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual...
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In buying a car worth P 1,500,000 cash, the purchaser pays P 500,000 cash and agrees to pay the balance including interest at 6.3 % compounded semi - annually, by a sequence of 8 equal semiannual payments of P 178,118.98, the first due at the end of x years. Find x. a. 4 b. 7 c. 3 d. 8
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