Douglas bought a store and agreed to pay 100000 at the end of every six months for seven years
so each year he pays twice 100000 twice.
Amount he can pay for 7 years
If he opt to follow the second payment method, equivalent cash price of the store if the interest rate is 5% compounded quarterly can be calculated as follows.
Since he is paying 100000 after every 6 months, so in a year he pays P=100000+100000=200000
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