Jack Harlem owes 10,000 php due in 1 year, and 35,000 php due in 4 years. He agrees to pay 20,000 php today and the remainder in 2 years. How much must he pay at the end of 2 years if money worth is 5.7% compounded semi-annually?
Jack Harlem owes 10,000 php due in 1 year, and 35,000 php due in 4 years. He agrees to pay 20,000 php today and the remainder in 2 years. How much must he pay at the end of 2 years if money worth is 5.7% compounded semi-annually?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 13PROB
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