The present worth of P 40,000 in the first year and amounts of decreasing by P 3000 per year through five years at an interest rate of 14% per year is? P 119,403 P 122,230 O P 159,149 P 159,230

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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The present worth of P 40,000 in the first year and amounts of decreasing by P
3000 per year through five years at an interest rate of 14% per year is?
P 119,403
P 122,230
P 159,149
O P 159,230
Transcribed Image Text:The present worth of P 40,000 in the first year and amounts of decreasing by P 3000 per year through five years at an interest rate of 14% per year is? P 119,403 P 122,230 P 159,149 O P 159,230
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