Pedro Penduko has a debt and must pay P100,000 every end of 3 months for 12 years.

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Pedro Penduko has a debt and must pay P100,000 every end of 3 months for 12 years. However, he chooses to get a single lump sum payment at the end of 6 years. How much is the lump sum if the cost of money is 14% compounded semi-annually?

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0470423684

13th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

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Posted Date: Jan 19, 2023 10:21 PM

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Pedro Penduko has a debt and must pay P100,000 every end of 3 months for 12 years.

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Intermediate Accounting

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