How much money should be set aside today to provide an income of PHP 11,200 a month for 4 years if the first payment is to be made at the end of 3 years and 6 months and money is worth 12% (m = 12)? O PHP 282,813.37 PHP 345,720.19 PHP 385,310.78 PHP 282,831.37 None of the above

How much money should be set aside today to provide an income of PHP 11,200 a month for 4 years if the first payment is to be made at the end of 3 years and 6 months and money is worth 12% (m = 12)? O PHP 282,813.37 PHP 345,720.19 PHP 385,310.78 PHP 282,831.37 None of the above

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 14EB: How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one...

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Question

How much money should be set aside today to provide an income of PHP 11,200 a
month for 4 years if the first payment is to be made at the end of 3 years and 6 months
and money is worth 12% (m = 12)?
O PHP 282,813.37
O PHP 345,720.19
O PHP 385,310.78
O PHP 282,831.37
None of the above

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