Mr. Cruz plans to deposit for the education of his 5 year old son, Php 5831 at the end of each year for 10 years at 11.41 % annual interest compounded annually. What will be the amount available after 10 years? - What is the present worth of a 6-year annuity paying P3,000.00 starting at the end of five years, with interest at 8% compounded semiannually?
Mr. Cruz plans to deposit for the education of his 5 year old son, Php 5831 at the end of each year for 10 years at 11.41 % annual interest compounded annually. What will be the amount available after 10 years? - What is the present worth of a 6-year annuity paying P3,000.00 starting at the end of five years, with interest at 8% compounded semiannually?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1P
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- Mr. Cruz plans to deposit for the education of his 5 year old son, Php 5831 at the end of each year for 10 years at 11.41 % annual interest compounded annually. What will be the amount available after 10 years?
- What is the present worth of a 6-year annuity paying P3,000.00 starting at the end of five years, with interest at 8% compounded semiannually?
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