What is the present value of a general ordinary annuity whose quarterly payments of Php 25,000 for 6 years has an interest rate of 7% compounded annually? * O Php 478,989.78 O Php 458,989.78 Php 488,989.78 O Php 468,989.78
What is the present value of a general ordinary annuity whose quarterly payments of Php 25,000 for 6 years has an interest rate of 7% compounded annually? * O Php 478,989.78 O Php 458,989.78 Php 488,989.78 O Php 468,989.78
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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Transcribed Image Text:What is the present value of a
general ordinary annuity
whose quarterly payments of
Php 25,000 for 6 years has an
interest rate of 7%
compounded annually? *
O Php 478,989.78
O Php 458,989.78
O Php 488,989.78
O Php 468,989.78
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