wo years from now. My Orly needs P32,000 to liquidate a certain debt. If money is worth 5% compounded quarterly. a) How much must he deposit at the end of each quarter to provide for the payment of the debt? b) Form a sinking fund table showing the growth of the fund for two years.
wo years from now. My Orly needs P32,000 to liquidate a certain debt. If money is worth 5% compounded quarterly. a) How much must he deposit at the end of each quarter to provide for the payment of the debt? b) Form a sinking fund table showing the growth of the fund for two years.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 22P
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Two years from now. My Orly needs P32,000 to liquidate a certain debt. If money is worth 5% compounded quarterly.
a) How much must he deposit at the end of each quarter to provide for the payment of the debt?
b) Form a sinking fund table showing the growth of the fund for two years.
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