5. What is the amount of each annuity payment if a 5-year ordinary annuity has a future value of Php 1 000 with an interest rate of 8%? A. Php 170.46 B. Php 181.62 C. Php 184.08 D. Php 250.44

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
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5. What is the amount of each annuity payment if a 5-year ordinary annuity has a future
value of Php 1 000 with an interest rate of 8%?
A. Php 170.46
B. Php 181.62
C. Php 184.08
D. Php 250.44
Transcribed Image Text:5. What is the amount of each annuity payment if a 5-year ordinary annuity has a future value of Php 1 000 with an interest rate of 8%? A. Php 170.46 B. Php 181.62 C. Php 184.08 D. Php 250.44
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