Find the present value on August 10, 2020 of Php 25,000 due on December 18, 2020 at 4% compounded monthly.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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Find the present value on August 10, 2020 of Php 25,000 due on December 18, 2020 at 4% compounded monthly.

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