the following schedule of payments; P15,000 immediately, P1,000 at the end of year one, P1,500 at the end of year two, P2,000 at the end of year three, P2,500 at the end of year four, and P3,000 at the end of year five. What fixed amount of money should the company plan to set aside each year at 8% per year compounded annually to make the payments? please also draw a cash flow diagram and dont use the table method
the following schedule of payments; P15,000 immediately, P1,000 at the end of year one, P1,500 at the end of year two, P2,000 at the end of year three, P2,500 at the end of year four, and P3,000 at the end of year five. What fixed amount of money should the company plan to set aside each year at 8% per year compounded annually to make the payments? please also draw a cash flow diagram and dont use the table method
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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the following schedule of payments; P15,000 immediately, P1,000 at the end of year one, P1,500 at the end of year two, P2,000 at the end of year three, P2,500 at the end of year four, and P3,000 at the end of year five. What fixed amount of money should the company plan to set aside each year at 8% per year compounded annually to make the payments?
please also draw a cash flow diagram and dont use the table method
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