Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question

A debt is amortized for 4 years by a series of payments that decreases annually by ₱ 500, the first
payment being ₱ 5,000. What is the equivalent future worth of the debt @ 5 % compounded
annually?

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