Find the present value of the amount each annuity in each of the following problem.

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 22PROB
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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.
Transcribed Image Text: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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