4. Mike owes James the following obligations: I. II P10,000 due at the end of 4...
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4. Mike owes James the following obligations: I. II P10,000 due at the end of 4 years P1,500 due at the end of 6 years with accumulated interest from today at (0.06, m = 2) Mike will be allowed to replace his total obligation by a payment at P2,000 at the end of 2 years and a second payment at the end of 5 years, with money worth 5%. 1 a. Find the unknown payment. Comparison date: at the end of 5 years. b. Mike wishes to replace the obligations by a first payment at the end of 2 years and twice as much at the end of 6 years with money worth 2 1/2 %. Find the unknown payments at a comparison date at the end of 5 years. 4. Mike owes James the following obligations: I. II P10,000 due at the end of 4 years P1,500 due at the end of 6 years with accumulated interest from today at (0.06, m = 2) Mike will be allowed to replace his total obligation by a payment at P2,000 at the end of 2 years and a second payment at the end of 5 years, with money worth 5%. 1 a. Find the unknown payment. Comparison date: at the end of 5 years. b. Mike wishes to replace the obligations by a first payment at the end of 2 years and twice as much at the end of 6 years with money worth 2 1/2 %. Find the unknown payments at a comparison date at the end of 5 years.
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Answer rating: 100% (QA)
a Unknown Payment Present Value at the end of 5 years P10000 P15001062 P10000 P161960 P1161960 Futur... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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