If money is worth (5%, m = 4) which obligation is more valuable: a) P1,300 due at
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Question:
If money is worth (5%, m = 4) which obligation is more valuable: a) P1,300 due at the end of 2 years; P1,250 due at the end of 4 years with accumulated interest from today at (0.05, m = 2).
Please answer and round off the final answer in two decimal places.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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