What is the PV of an ordinary annuity with 10 payments of P2,700 if the appropriate interest rate is 5.5%? * P19,334 P18,367 P20,352 P16,576 P17,449

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 17PROB
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What is the PV of an ordinary annuity with 10 payments of P2,700 if the
appropriate interest rate is 5.5%? *
P19,334
P18,367
P20,352
P16,576
P17,449
Transcribed Image Text:What is the PV of an ordinary annuity with 10 payments of P2,700 if the appropriate interest rate is 5.5%? * P19,334 P18,367 P20,352 P16,576 P17,449
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