accumluluico 10. How much is the periodic payment payable monthly of a general ordinary annuity whose present value is P400,000.00 for 15 years if money is worth 8.1% compounded annually?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 12PROB
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HCCumuialeu Valuc 13 TLLU,UUU.
10. How much is the periodic payment payable monthly of a general ordinary annuity whose
present value is P400,000.00 for 15 years if money is worth 8.1% compounded annually?
Transcribed Image Text:HCCumuialeu Valuc 13 TLLU,UUU. 10. How much is the periodic payment payable monthly of a general ordinary annuity whose present value is P400,000.00 for 15 years if money is worth 8.1% compounded annually?
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