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Several payments are to be made by a person with a lot of debts. 1st payment: ₱2,000 compounded quarterly at 2% for 2yrs 2nd payment: ₱4,000 payable compounded semi-annually at 7% for 3yrs every end of the month 3rd payment: ₱3,000 compounded

Several payments are to be made by a person with a lot of debts. 1st payment: ₱2,000 compounded quarterly at 2% for 2yrs 2nd payment: ₱4,000 payable compounded semi-annually at 7% for 3yrs every end of the month 3rd payment: ₱3,000 compounded

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Engineering Economics

Several payments are to be made by a person with a lot of debts.

1st payment: ₱2,000 compounded quarterly at 2% for 2yrs

2nd payment: ₱4,000 payable compounded semi-annually at 7% for 3yrs every end of the month

3rd payment: ₱3,000 compounded annually at 8% for 4yrs payable every beginning of the month

How much money today must be set aside to cover all the person’s debt? Note: payments are made sequentially.

• Several payments are to be made by a person with a lot of debts. 1st payment: P2,000 compounded quarterly at 2% for 2yrs 2nd payment: P4,000 payable compounded semi-annually at 7% for 3yrs every end of the month 3rd payment: P3,000 compounded annually at 8% for 4yrs payable every beginning of the month How much money today must be set aside to cover all the person's debt? Note: payments are made sequentially.
Transcribed Image Text:• Several payments are to be made by a person with a lot of debts. 1st payment: P2,000 compounded quarterly at 2% for 2yrs 2nd payment: P4,000 payable compounded semi-annually at 7% for 3yrs every end of the month 3rd payment: P3,000 compounded annually at 8% for 4yrs payable every beginning of the month How much money today must be set aside to cover all the person's debt? Note: payments are made sequentially.
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