2. What is the present worth of Php 250 annuity starting at the end of 3rd year and continuing in the end of 4th year, if the annual rate is 5 %?

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
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11:06
TOPIC: ANNUITY
Specific Instructions: Solve each problem NEATLY and SYSTEMATICALLY. Show your
COMPLETE solutions and BOX your final answers. Express all your answers in 2 decimal
places.
LA factory operator bought a diesel generator set for Php 12, 500 and agreed to pay
toryearsat5% interest compounded
annually, that the final payment will cancel the debt for principal & interest. What is the
annual payment?
2. What is the present worth of Php 250 annuity starting at the end of 3rd year and
continuing in the end of 4th year, if the annual rate is 5 %?
Transcribed Image Text:11:06 TOPIC: ANNUITY Specific Instructions: Solve each problem NEATLY and SYSTEMATICALLY. Show your COMPLETE solutions and BOX your final answers. Express all your answers in 2 decimal places. LA factory operator bought a diesel generator set for Php 12, 500 and agreed to pay toryearsat5% interest compounded annually, that the final payment will cancel the debt for principal & interest. What is the annual payment? 2. What is the present worth of Php 250 annuity starting at the end of 3rd year and continuing in the end of 4th year, if the annual rate is 5 %?
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