Fair market value and cash flow steam and present value of annuity

1. Mariel purchased a smart television set through the credit cooperative of their company, The cooperative provides an option for a deferred payment. Mariel decided to pay after 2 months of purchase. Her monthly payment is computed as P3,800 payable in 12 months. How much is the cash value of the television set if the interest rate is 12% convertible monthly? Given: Solution