A latest model of Oven with multiple function has a list price of P29,880.00 and a
trade discount of 5%. The seller calls for a 30% down payment with the balance payable in a year
at an interest rate of 12% compounded quarterly?
Find the following:

A. net invoice price
B. down payment amount
C. principal balance/amount
D. new principal for 2nd quarter
E. new principal for 3rd quarter