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?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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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?
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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