What is the present worth of a PHP 1500 annuity starting at the end of the third year and continuing to the end of fourth year? If the annual interest rate is 15%? a.) Php 1947.5 b.) Php 1843.91 c.) Php 1522.8 d.) Php 1602.7

What is the present worth of a PHP 1500 annuity starting at the end of the third year and continuing to the end of fourth year? If the annual interest rate is 15%? a.) Php 1947.5 b.) Php 1843.91 c.) Php 1522.8 d.) Php 1602.7

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 15E

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Question

What is the present worth of a PHP 1500 annuity starting at the end of the third year and continuing to the end of fourth year? If the annual interest rate is 15%?

a.) Php 1947.5

b.) Php 1843.91

c.) Php 1522.8

d.) Php 1602.7

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