1. If the money is worth 8% compounded semi-annually, find the present value of a deferred annuity of Php 6,750 at the end of 6 months for 5 years that is deferred for 4 years.
1. If the money is worth 8% compounded semi-annually, find the present value of a deferred annuity of Php 6,750 at the end of 6 months for 5 years that is deferred for 4 years.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
Related questions
Question
Transcribed Image Text:1. If the money is worth 8% compounded semi-annually, find the present value of a deferred annuity of
Php 6,750 at the end of 6 months for 5 years that is deferred for 4 years.
2. What is the present value of an annuity of Php 750 at the end of each year for 10 years if the interest
rate is 9% compounded semi-annually? (General Annuity)
Transcribed Image Text:1. The first payment for a deferred annuity of Php 5,000 every 3 months for 4 years is due in 3 years.
Find the present value if the money is worth 8% compounded quarterly.
2. Find the present value of an annuity of Php 1,850 every 6 months for 5 years if the interest is 7.5%
compounded annually.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning