In 5 years, P 180,000 is needed for a building renovation. In order to generate this amount, a sinking fund consisting of 3 end of the year payments is established now For tax purposes, no further payment will be made after 3 years. What payments are necessary if money is worth 15% per annum? Select one: O a. P 36,628 ОЬР35,784 ОС.Р38,882 o d.Р39,195

In 5 years, P 180,000 is needed for a building renovation. In order to generate this amount, a sinking fund consisting of 3 end of the year payments is established now For tax purposes, no further payment will be made after 3 years. What payments are necessary if money is worth 15% per annum? Select one: O a. P 36,628 ОЬР35,784 ОС.Р38,882 o d.Р39,195

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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