Question: TOPIC: ANNUITIES INSTRUCTION: SHOW COMPLETE SOLUTION WITH CORRESPONDING CASH FLOW DIAGRAM AND BOX THE FINAL ANSWER An engineering technology group just purchased new CAD software

TOPIC: ANNUITIES INSTRUCTION: SHOW COMPLETE SOLUTION WITH CORRESPONDING CASH FLOW DIAGRAM

TOPIC: ANNUITIES INSTRUCTION: SHOW COMPLETE SOLUTION WITH CORRESPONDING CASH FLOW DIAGRAM AND BOX THE FINAL ANSWER An engineering technology group just purchased new CAD software for P85,000 now and annual payments of P15,000 per year for six years starting 3 years from now for annual upgrades. What is the equivalent annual cost of the all the payments made if the interest rate is 8% per year

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