E. DEFERRED ANNUITY PROBLEMS: 23. Find the present value of a deferred annuity of P760 every six months for 5 years that is deferred 3 years, if money is worth 4% compounded semiannually. 24. Find the present value of a deferred annuity of P760 every six months for 5 years, if the first payment is made in 2 years, and money is worth 5% compounded semiannually. 25. Find the quarterly payment for 21 quarters to discharge an obligation of P24,500, if money is worth 4% compounded quarterly and the first payment is due at the end of 2 years and 9 months. 26. Find the semi-annual payment at the end of every six months, the first paymen is due at the end of 7 years and the last at the end of 12 years for a loan am P500,500, if money is worth 3% compounded semi-annually.
E. DEFERRED ANNUITY PROBLEMS: 23. Find the present value of a deferred annuity of P760 every six months for 5 years that is deferred 3 years, if money is worth 4% compounded semiannually. 24. Find the present value of a deferred annuity of P760 every six months for 5 years, if the first payment is made in 2 years, and money is worth 5% compounded semiannually. 25. Find the quarterly payment for 21 quarters to discharge an obligation of P24,500, if money is worth 4% compounded quarterly and the first payment is due at the end of 2 years and 9 months. 26. Find the semi-annual payment at the end of every six months, the first paymen is due at the end of 7 years and the last at the end of 12 years for a loan am P500,500, if money is worth 3% compounded semi-annually.
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
Section: Chapter Questions
Problem 1PS
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ANSWER ONLY 23 and 26
Transcribed Image Text:E. DEFERRED ANNUITY PROBLEMS:
23. Find the present value of a deferred annuity of P760 every six months for 5 years
that is deferred 3 years, if money is worth 4% compounded semiannually.
24. Find the present value of a deferred annuity of P760 every six months for 5 years,
if the first payment is made in 2 years, and money is worth 5% compounded
semiannually.
25. Find the quarterly payment for 21 quarters to discharge an obligation of
P24,500, if money is worth 4% compounded quarterly and the first payment is
due at the end of 2 years and 9 months.
26. Find the semi-annual payment at the end of every six months, the first payment
is due at the end of 7 years and the last at the end of 12 years for a loan of
P500,500, if money is worth 3% compounded semi-annually.
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