e of Php 100,000

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 68SGR
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An 8% corporate bond with a face value of Php 100,000 matures 5 years. The u=yield to maturity is 7% and the coupon is paid annually. Find the current price of the bond.
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