21 Determine the present worth and the accumulated amount of an annuity consisting of 6 payments of P120,000 each, the payment are made at the beginning of each year. Money is worth 15% compounded annually. Ans P52.226.40, P120.801.60

21 Determine the present worth and the accumulated amount of an annuity consisting of 6 payments of P120,000 each, the payment are made at the beginning of each year. Money is worth 15% compounded annually. Ans P52.226.40, P120.801.60

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

use equation of value. and draw a cash flow diagram

21. Determine the present worth and the accumulated amount
of an annuity consisting of 6 payments of P120,000 each, the payment
are made at the beginning of each year. Money is worth 15%
compounded annually.
Ans. P52 226 40, P120.801.60

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