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Directions: Solve the following problems completely. Find the period of deferral in each of the following deferred annuity. a) Monthly payments of P 2,0000 for 5 years that will start 7 months from now. b) Annual payments for 8,000 for 12 years that will start 5 years from now. c) Quarterly payments of P 5,000 for 8 years that will start two years from now.

Directions: Solve the following problems completely. Find the period of deferral in each of the following deferred annuity. a) Monthly payments of P 2,0000 for 5 years that will start 7 months from now. b) Annual payments for 8,000 for 12 years that will start 5 years from now. c) Quarterly payments of P 5,000 for 8 years that will start two years from now.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 10P
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B. Directions: Solve the following problems completely. Find the period of deferral in each of the following deferred annuity. a) Monthly payments of P 2,000 for 5 years that will start 7 months from now. b) Annual payments for P 8,000 for 12 years that will start 5 years from now. c) Quarterly payments of P 5,000 for 8 years that will start two years from now. d) Semi-annual payments ofP 60,000 for 3 years that will start 5 years from now. e) Payments of P 3,000 every 2 years for 10 years starting at the end of 6 years.
Transcribed Image Text:B. Directions: Solve the following problems completely. Find the period of deferral in each of the following deferred annuity. a) Monthly payments of P 2,000 for 5 years that will start 7 months from now. b) Annual payments for P 8,000 for 12 years that will start 5 years from now. c) Quarterly payments of P 5,000 for 8 years that will start two years from now. d) Semi-annual payments ofP 60,000 for 3 years that will start 5 years from now. e) Payments of P 3,000 every 2 years for 10 years starting at the end of 6 years.
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