Deferred Annuity: 1. Find the present value of a deferred annuity of P760 every six months for 5 years that is deferred 3 years, if money is worth 4% compounded quarterly. 2. Find the present value of a deferred ammity of P760 every six months for 5 years, if the first payment is made in 2 years, and money is worth 5% compounded semiannually. 3. In a series of quarterly payments of P960 each, the first payment is due at the end of 5 years and the last at the end of 10 years and 9 months. If money is worth 6% compounded quarterly, find the present value of the deferred annuity.

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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Deferred Annuity: 1. Find the present value of a deferred annuity of P760 every six months for 5 years that is deferred 3 years, if money is worth 4% compounded quarterly. 2. Find the present value of a deferred ammity of P760 every six months for 5 years, if the first payment is made in 2 years, and money is worth 5% compounded semiannually. 3. In a series of quarterly payments of P960 each, the first payment is due at the end of 5 years and the last at the end of 10 years and 9 months. If money is worth 6% compounded quarterly, find the present value of the deferred annuity.
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