Assume that Kathy is to make annual investments of P600,000 for three years. The interest for this investment was pegged at 12%. The investment is made at the beginning of each year. What is the future value of this annuity due?

Assume that Kathy is to make annual investments of P600,000 for three years. The interest for this investment was pegged at 12%. The investment is made at the beginning of each year. What is the future value of this annuity due?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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Question: Assume that Kathy is to make annual investments of P600,000 for three years. The interest for this investment was pegged at 12%. The investment is made at the beginning of each year. What is the future value of this annuity due?

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