In 5 years, P 180,000 is needed for a building renovation. In order to generate this amount, a sinking fund consisting of 3 end of the year payments is established now For tax purposes, no further payment will be made after 3 years. What payments are necessary if money is worth 15% per annum? Select one: O a. P 36,628 ОЬР35,784 ОС.Р38,882 o d.Р39,195
In 5 years, P 180,000 is needed for a building renovation. In order to generate this amount, a sinking fund consisting of 3 end of the year payments is established now For tax purposes, no further payment will be made after 3 years. What payments are necessary if money is worth 15% per annum? Select one: O a. P 36,628 ОЬР35,784 ОС.Р38,882 o d.Р39,195
Chapter1: Making Economics Decisions
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![In 5 years, P 180,000 is needed for a building renovation. In order to generate this amount, a
sinking fund consisting of 3 end of the year payments is established now For tax purposes,
no further payment will be made after 3 years. What payments are necessary if money is
worth 15% per annum?
Select one!
O a P36,628
Ob.P 35,784
Oc.P 38,882
Od P39,195](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4404817c-5265-442d-b185-2c6a2f3fda3a%2F5ff0fed1-8ea9-432e-bc6a-b2d018d7b813%2Fa0y6jc_processed.jpeg&w=3840&q=75)
Transcribed Image Text:In 5 years, P 180,000 is needed for a building renovation. In order to generate this amount, a
sinking fund consisting of 3 end of the year payments is established now For tax purposes,
no further payment will be made after 3 years. What payments are necessary if money is
worth 15% per annum?
Select one!
O a P36,628
Ob.P 35,784
Oc.P 38,882
Od P39,195
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