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What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually?

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 7P

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What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually?

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