Question: Please provide a written step-by-step solution to the problem. Do not use any software in answering the problem so that I could understand how it

Please provide a written step-by-step solution to the problem. Do not use any software in answering the problem so that I could understand how it is solved. Provide a Cash Flow Diagram or table. Thank you

Please provide a written step-by-step solution to the problem. Do not use

3. M acquired a small lot in a subdivision, paying P20,000 down and pledge to pay P1,500 every 3 months for the next 10 years. The seller figured interest at 12% compounded quarterly. Show the cash flow diagram. a. What was the cash price of the lot? b. If M missed the first 12 payments, what must he pay at the time the 13th is due to bring himself up to date? c. After making 8 payments, M wished to discharge his remaining indebtedness by a single payment at the time when 9th regular payment was due, what must he pay in addition to the regular payment then due? d. If M missed the first 10 payments, what must he pay when the 11th payment is due to discharge his entire indebtedness

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