Question: 5. Mr Green buys a colour TV set for which he has to make a down payment of Rs 2,000 and Rs 500 as monthly

5. Mr Green buys a colour TV set for which he has to make a down payment of Rs 2,000 and Rs 500 as monthly instalment for a total of 30 months. What is the cash down price of the TV set if the money is 12% compounded monthly?

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