39. The future value of a Php 2,000 annuity due deposited at 8 percent compounded annually for each of the next 10 years is A. Php 28,974 C. Php 14,494 D. Php 13,420 B. Php 31,292

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 2E: Future Value Hugh Colson deposited 20,000 in a special savings account that provides for interest at...
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39. The future value of a Php 2,000 annuity due deposited at 8 percent compounded annually for
each of the next 10 years is
A. Php 28,974
C. Php 14,494
B. Php 31,292
D. Php 13,420
Transcribed Image Text:39. The future value of a Php 2,000 annuity due deposited at 8 percent compounded annually for each of the next 10 years is A. Php 28,974 C. Php 14,494 B. Php 31,292 D. Php 13,420
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