n equipment has a maintenance cost of P20,000 a year for two years, increased by P40,000 at the end of four years, and P80,000 at the end of 8 years. Compute the semi-annual amount that must be set for this equipment. Money is worth 10% compounde

n equipment has a maintenance cost of P20,000 a year for two years, increased by P40,000 at the end of four years, and P80,000 at the end of 8 years. Compute the semi-annual amount that must be set for this equipment. Money is worth 10% compounde

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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Question

2. An equipment has a maintenance cost of P20,000 a year for two years, increased by P40,000 at the end of four years, and P80,000 at the end of 8 years. Compute the semi-annual amount that must be set for this equipment. Money is worth 10% compounded annually.

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