7. (EQUATION OF VALUES) Gene owes the following debts: A. Php40,000 due in 2 years and B. Php545,000 due in 8 years at 12% compounded semi-annually. Gene plans to repay all these debts by a single payment at the end of the 5th year. If money is worth 14% compounded quarterly, how much is Gene's payment at the end of the 5th year?

7. (EQUATION OF VALUES) Gene owes the following debts: A. Php40,000 due in 2 years and B. Php545,000 due in 8 years at 12% compounded semi-annually. Gene plans to repay all these debts by a single payment at the end of the 5th year. If money is worth 14% compounded quarterly, how much is Gene's payment at the end of the 5th year?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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