Survey Corps lends money to improve their equipment, P10,000 due in 2 years, P25,000 due in 3 years, and P50,000 due in 5 years. They have decided to settle their payment every year. Compute the annual payment to settle their debt if the rate of interest is 10% compounded annually. P15,324.89 P26,651.77 P22,422.79
Survey Corps lends money to improve their equipment, P10,000 due in 2 years, P25,000 due in 3 years, and P50,000 due in 5 years. They have decided to settle their payment every year. Compute the annual payment to settle their debt if the rate of interest is 10% compounded annually. P15,324.89 P26,651.77 P22,422.79
Chapter19: Lease And Intermediate-term Financing
Section: Chapter Questions
Problem 14P
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