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Find the amount of annuity of ₱700 every 6 months (1⁄2 year) for 12 years if interest is 6% compounded monthly.

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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Find the amount of annuity of ₱700 every 6 months (1⁄2 year) for 12 years if
interest is 6% compounded monthly.

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