Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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Question
Transcribed Image Text:Find the amount of an ordinary annuity of 20 semi-annual payments
of P1, 000 if interest rate is 12% compounded semi-annually.
A P36,785.59
(в) Р 38, 678.15
Р33,567.21
D P15,257.90
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