Find the amount of an ordinary annuity of Php 980 every six months payable for 5 years and 4 months if the money is worth 10% compounded 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
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6. Find the amount of an ordinary annuity of Php 980 every six months payable for 5 years and 4
months if the money is worth 10% compounded annually.
7. Carl Napper, a foreigner, purchased a car under these terms: Php 200,000 down payment and Php
10,500 each month for 5 years. If money is worth 9% compounded monthly, find the cash price
of the car. (
8. Find the present value of an annuity if the first monthly payment of Php 8,500 is made at the end
of 6 years for 9 years. Money is worth 12.6% compounded monthly.
Transcribed Image Text:6. Find the amount of an ordinary annuity of Php 980 every six months payable for 5 years and 4 months if the money is worth 10% compounded annually. 7. Carl Napper, a foreigner, purchased a car under these terms: Php 200,000 down payment and Php 10,500 each month for 5 years. If money is worth 9% compounded monthly, find the cash price of the car. ( 8. Find the present value of an annuity if the first monthly payment of Php 8,500 is made at the end of 6 years for 9 years. Money is worth 12.6% compounded monthly.
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