complete solution/explanationFind the present value of the amount each annuity in each of the following problem. 1. Php 7,500 payable at the end of each month for 10 years if money is invested at5% compounded monthly.2. Php 10,000 payable at the end of each 6 months for 5 years if money is investedat 8% compounded semiannually.

Present value of annuity can be calculated using the following formula; PV = C x |1-1 + r-n| /r…

Answered: Find the present value of the amount…

Business

Accounting

Find the present value of the amount each annuity in each of the following problem.

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 18E

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Question

complete solution/explanation

Find the present value of the amount each annuity in each of the following problem.

1. Php 7,500 payable at the end of each month for 10 years if money is invested at
5% compounded monthly.
2. Php 10,000 payable at the end of each 6 months for 5 years if money is invested
at 8% compounded semiannually.

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