What is the present value of a simple ordinary annuity if payments are made quarterly of Php 18,000 for 8 years with a rate of 4% compounded quarterly? * O Php 690,852.61 O Php 790,852.61 O Php 590,852.61 O Php 490,852.61
What is the present value of a simple ordinary annuity if payments are made quarterly of Php 18,000 for 8 years with a rate of 4% compounded quarterly? * O Php 690,852.61 O Php 790,852.61 O Php 590,852.61 O Php 490,852.61
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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Transcribed Image Text:What is the present value of a
simple ordinary annuity if
payments are made quarterly
of Php 18,000 for 8 years with
a rate of 4% compounded
quarterly? *
O Php 690,852.61
O Php 790,852.61
O Php 590,852.61
O Php 490,852.61
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