Johan won an annuity that pays RM1000 every 3 months for 3 years. What is the present value of this annuity if the money worth 16% compounded quarterly?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 13E
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a. RM9338
b. RM9385
C.RM 9583
a
EXAMPLE 2
2. Johan won an annuity that pays RM1000 every 3
months for 3 years. What is the present value of this
annuity if the money worth 16% compounded
quarterly?
Ob
Transcribed Image Text:a. RM9338 b. RM9385 C.RM 9583 a EXAMPLE 2 2. Johan won an annuity that pays RM1000 every 3 months for 3 years. What is the present value of this annuity if the money worth 16% compounded quarterly? Ob
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