A certain annuity pays P 80 at the end of every 3 months. If the present value of the annuity P1200 and the accumulated future anmount is P 2,000, determine the nominal rate compounded quarterly. Select one: O a 9.11% Ob. 10.67% O c. 1124% O d. 12.32%

A certain annuity pays P 80 at the end of every 3 months. If the present value of the annuity P1200 and the accumulated future anmount is P 2,000, determine the nominal rate compounded quarterly. Select one: O a 9.11% Ob. 10.67% O c. 1124% O d. 12.32%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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A certain annuity pays P 80 at the end of every 3 months If the present value of the annuity
P1200 and the accumulated future anmount is P 2,000, determine the nominal rate
compounded quarterly
Select one
O a 9.11%
Ob 10 67%
O c. 1124%
O d 12.32%

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