If money is worth 8% compounded quarterly, calculate the present value of an annuity of Php 1,000 payable quarterly for 50 years.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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If money is worth 8% compounded quarterly, calculate the present value of an annuity of Php 1,000 payable quarterly for 50 years.

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