1. Find the present and future value of an ordinary annuity of Php5,000 payable semi-annually for 10 years if money is worth 6% compounded semi- annually.
1. Find the present and future value of an ordinary annuity of Php5,000 payable semi-annually for 10 years if money is worth 6% compounded semi- annually.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:1. Find the present and
future value of an
ordinary annuity of
Php5,000 payable
semi-annually for 10
years if money is worth
6% compounded semi-
annually.
2. The buyer of a car of
a car pays Php169,000
cash and Phpl2,000
every month for 5
years. If money is 10%
compounded monthly,
how much is the cash
price of the car?
3. A high school
student wouid like to
save Php50,000 for his
graduation. How much
should he deposit in a
savings account every
month for 5.5 years if
interest is at 0.25%
compounded monthly?
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