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A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018 at 14% converted semi-annually?   P15,257.90             P33,500.39            P 28, 600.21          P36,548,19

A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018 at 14% converted semi-annually?   P15,257.90             P33,500.39            P 28, 600.21          P36,548,19

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 10RE: If 90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of 23,138.32...
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A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018 at 14% converted semi-annually?
 
  1. P15,257.90          
     
  2. P33,500.39         
     
  3. P 28, 600.21       
     
  4. P36,548,19
    Find the amount of an ordinary annuity of 20 semi-annual payments of P1, 000 if interest rate is 12% compounded semi-annually.
     
    1. P15,257.90
       
    2. P33,567.21
       
    3. P 38, 678.15
       
    4. P36,785.59
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