On January 1, 2014, you are considering an investment that will pay Php 12,500 a year for 5 years beginning on December 31, 2016. If you require a 9 % return on your investments, how much are you willing to pay the investment?

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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On January 1, 2014, you are considering an investment that will pay Php 12,500 a
year for 5 years beginning on December 31, 2016. If you require a 9 % return on your
investments, how much are you willing to pay the investment?
Transcribed Image Text:On January 1, 2014, you are considering an investment that will pay Php 12,500 a year for 5 years beginning on December 31, 2016. If you require a 9 % return on your investments, how much are you willing to pay the investment?
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