Annie purchases a television set from a seller who seeks P 12,500 after 60 days (cash in 60 days). Annie requests fast payment, and the merchant offers to calculate the cash price based on the premise...

Extracted text: Annie purchases a television set from a seller who seeks P 12,500 after 60 days (cash in 60 days). Annie requests fast payment, and the merchant offers to calculate the cash price based on the premise that money is worth 8% simple interest. What is the current cash price? Follow the format. 1. Given: 2. Formula: 3. Required: 4. Cash flow Sketch: 5. Solution: