If money is worth 9% compounded quarterly, find the amount of an annuity of P2,000 payable every 3 months for ten 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 9% compounded
quarterly, find the amount of an annuity of
P2,000 payable every 3 months for ten
years.
Transcribed Image Text:If money is worth 9% compounded quarterly, find the amount of an annuity of P2,000 payable every 3 months for ten years.
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