Mr. Dela Cruz bought a piece of property for P100,000 down payment and a 10 deferred semiannual payments of P8,000 starting 3 years from now. If the interest is 12% compounded semi-annually, what is the present worth of property? O P152,444.05 P143 999 08

Mr. Dela Cruz bought a piece of property for P100,000 down payment and a 10 deferred semiannual payments of P8,000 starting 3 years from now. If the interest is 12% compounded semi-annually, what is the present worth of property? O P152,444.05 P143 999 08

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 21E

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Question

Mr. Dela Cruz bought a piece of property for P100,000 down payment and a 10
deferred semiannual payments of P8,000 starting 3 years from now. If the
interest is 12% compounded semi-annually, what is the present worth of
property?
P152,444.05
P143,999.08
O P166,888.01
P148,555.02

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