Determine the present worth of a series of P10, 000 quarterly payments that extend over a period of eight years if the first payment is due three months from now and interest is 10% compounded continuously. a. 271527 b. 217527 C. 257127 d. 227127
Determine the present worth of a series of P10, 000 quarterly payments that extend over a period of eight years if the first payment is due three months from now and interest is 10% compounded continuously. a. 271527 b. 217527 C. 257127 d. 227127
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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Transcribed Image Text:Determine the present worth of a series of P10, 000 quarterly payments that
extend over a period of eight years if the first payment is due three months from
now and interest is 10% compounded continuously.
a. 271527
b. 217527
C. 257127
d. 227127
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