What annuity over a 10-year period at 8% interest is most nearly equivalent to the present worth of Php 100? A. Php 12.50 B. Php 14.90 C. Php 15.10 D. Php 13.80

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
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What annuity over a 10-year period at 8% interest is most nearly equivalent to the present worth of Php 100?

A. Php 12.50
B. Php 14.90
C. Php 15.10
D. Php 13.80
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