Question

Mr. Anbu purchased a machine by hire purchase system fir Rs.30,000 to be paid as follows:
Rs.
Down payment 5,000
At the end of the first year 7,000
At the end of the second year 6,500
At the end of the third year 6,000
At the end of the fourth year 5,500
The vendor changed interest at 10% p.a. At what value should the machine be capitalized?

Answer 1

Answer:

your answer is of math is 30,000