The present value of an annuity of “P” pesos payable annually for 8 years, with the first payment at the end of 10 years, is P187,481.25. Find the value of “P” if money is worth 5%
The present value of an annuity of “P” pesos payable annually for 8 years, with the first payment at the end of 10 years, is P187,481.25. Find the value of “P” if money is worth 5%
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 1P
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The present value of an annuity of “P” pesos payable annually for 8 years, with the first payment at the end of 10 years, is P187,481.25. Find the value of “P” if money is worth 5%
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