Answered: 9th deposit is m

Business

Accounting

9th deposit is m

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 24P

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Question

If P10,000 is deposited each year for 9 years, how much annuity can a person get semi-annually from the bank for 8 years starting 1 year after the 9^th deposit is made. Cost of money is 14% compounded quarterly.

please show the cash flow diagram

Definition Definition Net amount of cash that an entity receives and expends over the course of a given period. For a business to continue operating, positive cash flows are required, and they are also necessary to produce value for investors. Investors in particular prefer to see growing cash flows even after capital expenditures have been paid for (which is known as free cash flow).

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