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Show Solution. Topic: General Annuity 3. Find the periodic payment of an annuity payable semiannually for 12 years, whose present value is P87,200 with interest rate at 14% compounded quarterly?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Topic: General Annuity

3. Find the periodic payment of an annuity payable semiannually for 12 years, whose present value is P87,200 with interest rate at 14% compounded quarterly?

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