Find the present worth of a future payment of P80,000 to be made in six years with an interest of 12% compounded semi-annually. (whole number)
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A: Step 1:PMT = 2000r = .06/2 = .03n = 2(10) = 20 Step 2: K = (1-(1+r)^-n)/r PV = (PMT)K Step 3: K =…
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Q: annuity
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A: The formula to calculate the future value is given below: Future value=C×1+in-1i where, C is the…
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