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6. How much is the present value of a perpetuity of P1,000 payable semi-annually if money is worth 5% quarterly?

6. How much is the present value of a perpetuity of P1,000 payable semi-annually if money is worth 5% quarterly?

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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Completely solve. BOX THE FINAL ANSWER. WRITE LEGIBLY OR TYPEWRITE THE SOLUTIONS.

DON'T USE EXCEL! DON'T USE EXCEL! DON'T USE EXCEL! DON'T COPY FROM OTHERS.

What is the correct answer?

a. P10,000.00

b. P1,880.00

6. How much is the present value of a perpetuity of P1,000 payable semi-annually if money is worth 5% quarterly?
Transcribed Image Text:6. How much is the present value of a perpetuity of P1,000 payable semi-annually if money is worth 5% quarterly?
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