Determine the present value and total amount of an annuity with 6 payments of P120,000 each made at the start of each year. Money has a 15 percent quarterly compounding value. Solve it with or using formula, do not use excel

Determine the present value and total amount of an annuity with 6 payments of P120,000 each made at the start of each year. Money has a 15 percent quarterly compounding value. Solve it with or using formula, do not use excel

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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Determine the present value and total amount of an annuity with 6 payments of
P120,000 each made at the start of each year. Money has a 15 percent quarterly
compounding value.

Solve it with or using formula, do not use excel

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