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st P 60,000 idual value at the end of 5 year 10,000 of an annuity of P1 at 14% for 5 years 3.43 of P 1 due in five years at 14% .52 What would be the annual savings needed to

st P 60,000 idual value at the end of 5 year 10,000 of an annuity of P1 at 14% for 5 years 3.43 of P 1 due in five years at 14% .52 What would be the annual savings needed to

FINANCIAL ACCOUNTING
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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Leo Co. is reviewing the following data relating to an energy saving investment proposal Cost P 60,000 Residual value at the end of 5 year 10,000 PV of an annuity of P1 at 14% for 5 years 3.43 PV of P 1 due in five years at 14% .52 What would be the annual savings needed to make the investment realize a 14% yield ? P12,306 P11,661 P 14,577 P 15,977
Transcribed Image Text:Leo Co. is reviewing the following data relating to an energy saving investment proposal Cost P 60,000 Residual value at the end of 5 year 10,000 PV of an annuity of P1 at 14% for 5 years 3.43 PV of P 1 due in five years at 14% .52 What would be the annual savings needed to make the investment realize a 14% yield ? P12,306 P11,661 P 14,577 P 15,977
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