Find the present value and the amount (future value) of an ordinary annuity of Php 5,000 payable semi-annually for 10 years if money is worth 6 % compounded semi-annually.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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Find the present value and the amount (future value) of an ordinary annuity of Php 5,000 payable
semi-annually for 10 years if money is worth 6 % compounded semi-annually.

 

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