4. Quarterly payments of P2,000 for 5 years with an interest rate of 8% compounded quarterly. Solution: 5. Daily payments of P50 for 30 days with an interest rate of 20% compounded daily. Solution: 6. Annual payments of P1,000 at the end of each term for 8 years with an interest rate of 6% compounded quarterly. Solution:
4. Quarterly payments of P2,000 for 5 years with an interest rate of 8% compounded quarterly. Solution: 5. Daily payments of P50 for 30 days with an interest rate of 20% compounded daily. Solution: 6. Annual payments of P1,000 at the end of each term for 8 years with an interest rate of 6% compounded quarterly. Solution:
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 31P
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