What is the present value of an ordinary annuity if its value at the end of 10 years is Php 50 000? Assume that money is worth is 12% compounded quarterly?
What is the present value of an ordinary annuity if its value at the end of 10 years is Php 50 000? Assume that money is worth is 12% compounded quarterly?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:What is the present
value of an ordinary annuity
if its value at the end of 10
years is Php 50 000?
Assume that money is
worth is 12% compounded
quarterly?
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