Alexander Murils owes P 25,000 due in one year and P 75,000 due in 4 years. He missed these 2 payments and agrees to pay all liabilities in 5 years. if money is worth 10% compounded semi annually, how much will Alexander Murils pay in 5 years?
Alexander Murils owes P 25,000 due in one year and P 75,000 due in 4 years. He missed these 2 payments and agrees to pay all liabilities in 5 years. if money is worth 10% compounded semi annually, how much will Alexander Murils pay in 5 years?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 1PROB
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Alexander Murils owes P 25,000 due in one year and P 75,000 due in 4 years. He missed these 2 payments and agrees to pay all liabilities in 5 years. if money is worth 10% compounded semi annually, how much will Alexander Murils pay in 5 years?
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