5. 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%. A porson buys a piece of proporty for P100 000 down navmont and +en doforred somiannual

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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5. 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%.
6. A person buys a piece of property for P100,000 down payment and ten deferred semi-annual
payments of P8,000 each starting three years from now. What is the present value of the
investment if the rate of interest is 12% compounded semi-annually?
7. A deposit of Php 110,000 was made for 31 days. The net interest after deducting the 20%
withhold tax is Php 890.36. Find the rate return annually.
Transcribed Image Text:5. 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%. 6. A person buys a piece of property for P100,000 down payment and ten deferred semi-annual payments of P8,000 each starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually? 7. A deposit of Php 110,000 was made for 31 days. The net interest after deducting the 20% withhold tax is Php 890.36. Find the rate return annually.
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