Find the present value of an annuity of P20,000 payable annually for 8 years, with the first payment at the end of the 11th year, if money is worth 5% compounded annually.
Find the present value of an annuity of P20,000 payable annually for 8 years, with the first payment at the end of the 11th year, if money is worth 5% compounded annually.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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Find the present value of an annuity of P20,000 payable annually for 8 years, with the first payment at the end of the 11th year, if money is worth 5% compounded annually.
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