Answered: The present value of an annuity of “Y"…

The present value of an annuity of “Y" pesos payable annually for 8 years, wit the first payment at the end of 10 years is P187,481.25. find the value of “Y" if money is worth 5% annual rate

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 7P

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Question

The present value of an annuity of “Y" pesos payable annually for 8 years, with
the first payment at the end of 10 years is P187,481.25. find the value of "Y" if
money is worth 5% annual rate
P45,000
P42,000
P44,000
O P43,000

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