tion 7 nortization of a debt is in a form of a gradient series of P20,000 on the first year, P19,500 on the P19,000 on the third year, P18,500 on the fourth year. Determine the equivalent present worth o

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Question 7
An amortization of a debt is in a form of a gradient series of P20,000 on the first year, P19,500 on the second
year, P19,000 on the third year, P18,500 on the fourth year. Determine the equivalent present worth of the debt
if interest is 0.05.
Transcribed Image Text:Question 7 An amortization of a debt is in a form of a gradient series of P20,000 on the first year, P19,500 on the second year, P19,000 on the third year, P18,500 on the fourth year. Determine the equivalent present worth of the debt if interest is 0.05.
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