Answered: Find the future value of an annuity…

Find the future value of an annuity when the payment is P13,750 quarterly, the interest is 6.5% compounded quarterly, and the term is 6 years. b) Find the interest earned.

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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a) Find the future value of an annuity when the payment is P13,750 quarterly, the interest is 6.5% compounded quarterly, and the term is 6 years.
b) Find the interest earned.

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