Answered: 2. Find the present value, in pesos, of…

2. Find the present value, in pesos, of an annuity of P20,000 payable annually for 8 years, with the first payment at the end of 10 years, if money is worth 5%

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 5P

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2. Find the present value, in pesos, of an annuity of P20,000 payable annually for 8 years,
with the first payment at the end of 10 years, if money is worth 5%

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