A debt of "x" pesos with interest rate of 7pesos compunded annually will be retired at the end of 10 years through the accumulation of the sinking fund invested at 6% compounded semi-annually. The deposit in the sinking fund every end 6 months is P21,962.68. What is the value of "x".
A debt of "x" pesos with interest rate of 7pesos compunded annually will be retired at the end of 10 years through the accumulation of the sinking fund invested at 6% compounded semi-annually. The deposit in the sinking fund every end 6 months is P21,962.68. What is the value of "x".
Chapter1: Making Economics Decisions
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3. A debt of "x" pesos with interest rate of 7pesos compunded annually will be retired at the end of 10 years through the accumulation of the sinking fund invested at 6% compounded semi-annually. The deposit in the sinking fund every end 6 months is P21,962.68. What is the value of "x". Present the cashflow diagram.
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