Find the present value of an annuity if the first monthly payment ₱6,200 is made at the end of 4 years for 9 years. Money is worth 12.6% compounded monthly. a. ₱241,896.53 b. ₱244,436.45 c. ₱245,651.86 d. ₱399,367.66
Find the present value of an annuity if the first monthly payment ₱6,200 is made at the end of 4 years for 9 years. Money is worth 12.6% compounded monthly. a. ₱241,896.53 b. ₱244,436.45 c. ₱245,651.86 d. ₱399,367.66
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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Find the
a. ₱241,896.53
b. ₱244,436.45
c. ₱245,651.86
d. ₱399,367.66
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