Rois owes Php25,000 due in 1 year and Php75,000 due in 4 years. He agrees to pay Php50,000 today and the balance in 2 years. How much must he pay at the end of two years if the money is worth 5% compounded semi- annually? include a cash flow not excel cash flow
Rois owes Php25,000 due in 1 year and Php75,000 due in 4 years. He agrees to pay Php50,000 today and the balance in 2 years. How much must he pay at the end of two years if the money is worth 5% compounded semi- annually? include a cash flow not excel cash flow
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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Question
10.
Rois owes Php25,000 due in 1 year and Php75,000 due in
4 years. He agrees to pay Php50,000 today and the
balance in 2 years. How much must he pay at the end of
two years if the money is worth 5% compounded semi-
annually?
include a cash flow not excel cash flow
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