semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually?

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 13EB: Conestoga Plumbing plans to invest in a new pump that is anticipated to provide annual savings for...
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A person buys a piece of lot for P 100, 000 down payment and 10 deferred
semi-annual payments of P 8,000 each, starting three years from now. What
is the present value of the investment if the rate of interest is 12%
compounded semi-annually?
Transcribed Image Text:A person buys a piece of lot for P 100, 000 down payment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually?
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