a. Find the 10 payment. b. Find the present worth of all payments. c. Find the future worth of all payments (Year 10) d. Find the equivalent annual payments.
a. Find the 10 payment. b. Find the present worth of all payments. c. Find the future worth of all payments (Year 10) d. Find the equivalent annual payments.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Uniform Gradient Series Annuity
Transcribed Image Text:1. Given the series of payment at the end of each year as follows:
Year 1
P 1000
Year 2
Year 3
1500
2000
Up to Year 10
Ifi=5% effective
a. Find the 10th payment.
b. Find the present worth of all payments.
c. Find the future worth of all payments (Year 10)
d. Find the equivalent annual payments.
Ans. 5,500 P 23,547.75, P 38,356.80 P 3,049.54
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