An investor is currently making a regular deposit of PHP 4,125.27 at the start of each period, to pay his debt of PHP 82,593.10. Assuming that the interest rate is 10.34% compounded semi-annually, what is the number of compounding periods of this annuity? Round your answer to two decimal places

An investor is currently making a regular deposit of PHP 4,125.27 at the start of each period, to pay his debt of PHP 82,593.10. Assuming that the interest rate is 10.34% compounded semi-annually, what is the number of compounding periods of this annuity? Round your answer to two decimal places

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 31P

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An investor is currently making a regular deposit of PHP 4,125.27 at the start of each period, to pay his
debt of PHP 82,593.10. Assuming that the interest rate is 10.34% compounded semi-annually, what is the
number of compounding periods of this annuity? Round your answer to two decimal places

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