Determine the present amount and the accumulated amount of an annuity consisting of 6 payments of P120,000 each, the payments are made at the beginning of each year. Money is worth 15% compounded annually? Show complete manual computation with cash flow diagram.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Determine the present amount and the accumulated
amount of an annuity consisting of 6 payments of
P120,000 each, the payments are made at the
beginning of each year. Money is worth 15%
compounded annually?
Show complete manual computation with cash
flow diagram.
Transcribed Image Text:Determine the present amount and the accumulated amount of an annuity consisting of 6 payments of P120,000 each, the payments are made at the beginning of each year. Money is worth 15% compounded annually? Show complete manual computation with cash flow diagram.
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