A man bought an eapt casting P300k payable in 12 quarter payments with i = 24%, determine installment of payment is made: (a) at the end of each period b) at the beginning of each period What would be its corresponding future value of the annuity?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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A man bought an eapt casting P300k payable in 12 quarter payments with i = 24%, determine installment of payment is made:

(a) at the end of each period

b) at the beginning of each period

What would be its corresponding future value of the annuity?

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