Find the present worth of all the cash disbursements using gradient interest formulas if money is worth 15% per annum. Annual cash disbursements increases by P1,000 every year thereafter, until the end of the fourth year. The first cash disbursement amounts to P5,000.
Find the present worth of all the cash disbursements using gradient interest formulas if money is worth 15% per annum. Annual cash disbursements increases by P1,000 every year thereafter, until the end of the fourth year. The first cash disbursement amounts to P5,000.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 16P
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