5. Find the term of annuity deferred 4 years if the present value is P200,000 and P40,000 annual payments at effective rate of 10%.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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5. Find the term of annuity deferred 4 years if the present value is P200,000 and P40,000 annual
payments at effective rate of 10%.
Transcribed Image Text:5. Find the term of annuity deferred 4 years if the present value is P200,000 and P40,000 annual payments at effective rate of 10%.
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