What payment ten years from now is equivalent to P1,800 six years from now if the interest is 16% compounded (a) annually and (b) monthly? Provide the cash flow diagram for a and b.
What payment ten years from now is equivalent to P1,800 six years from now if the interest is 16% compounded (a) annually and (b) monthly? Provide the cash flow diagram for a and b.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 29P
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What payment ten years from now is equivalent to P1,800 six years from
now if the interest is 16% compounded (a) annually and (b) monthly? Provide the
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