Question 1193608
**1. Determine the Quarterly Interest Rate**

* Annual Interest Rate: 10%
* Quarterly Interest Rate: 10% / 4 = 2.5% or 0.025

**2. Calculate the Number of Quarterly Payments**

* Number of Years: 7 years
* Number of Quarterly Payments: 7 years * 4 quarters/year = 28 payments

**3. Calculate the Present Value of the Quarterly Payments**

* **Use the Present Value of an Ordinary Annuity Formula:**

   Present Value = Payment * [(1 - (1 + r)^-n) / r] 
   
   Where:
     * Payment = ₱15,000
     * r = Quarterly interest rate (0.025)
     * n = Number of payments (28)

* **Calculate:**
   Present Value = ₱15,000 * [(1 - (1 + 0.025)^-28) / 0.025] 
   Present Value ≈ ₱15,000 * 19.9635 
   Present Value ≈ ₱299,452.50

**4. Calculate the Cash Price of the Property**

* Cash Price = Down Payment + Present Value of Payments
* Cash Price = ₱150,000 + ₱299,452.50
* Cash Price = ₱449,452.50

**Therefore, the cash price of the property is approximately ₱449,452.50.**