Find the present value of the amount each annuity in each of the following problem. 1....
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Find the present value of the amount each annuity in each of the following problem. 1. Php 7,500 payable at the end of each month for 10 years if money is invested at 5% compounded monthly. 2. Php 10,000 payable at the end of each 6 months for 5 years if money is invested at 8% compounded semiannually. Find the present value of the amount each annuity in each of the following problem. 1. Php 7,500 payable at the end of each month for 10 years if money is invested at 5% compounded monthly. 2. Php 10,000 payable at the end of each 6 months for 5 years if money is invested at 8% compounded semiannually.
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To find the present value of an annuity we can use the formula for the present value of a series of ... View the full answer
Related Book For
Thomas Calculus Early Transcendentals
ISBN: 9780321884077
13th Edition
Authors: Joel R Hass, Christopher E Heil, Maurice D Weir
Posted Date:
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