2. Determine the present value on july 7 Php 6 800 paid at the end of each subsequent calendar quarter for 7 years if money is worth 6% compounded quarterly.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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no. 2 and no. 3 please

B. Ordinary Annuities
1. Roselyn spends Php 850 per month on cigarettes. If she stops smoking
and invests the same amount in a plan paying 15% compounded monthly,
how much will he have after 4 years?
2. Determine the present value on july 7 Php 6 800 paid at the end of each
subsequent calendar quarter for 7 years if money is worth 6% compounded
quarterly.
3. RFS software needs to accumulate Php 650 000 in 2 years to meet future
needs. What regular payment would they need to make at the end of each
month, at 12% interest compounded monthly?
Transcribed Image Text:B. Ordinary Annuities 1. Roselyn spends Php 850 per month on cigarettes. If she stops smoking and invests the same amount in a plan paying 15% compounded monthly, how much will he have after 4 years? 2. Determine the present value on july 7 Php 6 800 paid at the end of each subsequent calendar quarter for 7 years if money is worth 6% compounded quarterly. 3. RFS software needs to accumulate Php 650 000 in 2 years to meet future needs. What regular payment would they need to make at the end of each month, at 12% interest compounded monthly?
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