In order to receive P12,000 at the end of three years and P10,000 at the end of five years, how much must be invested now if you can earn 14% rate of return?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
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In order to receive P12,000 at the end of three years and P10,000 at the end of five years, how much must be invested now if you can earn 14% rate of return?

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