A man inherited a regular endowment of P10k every month for 10 years. However, he may choose to get a single lump sum payment at the end of 3 years. How much is the lumps of the cost of money in 10% compounded annually

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
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A man inherited a regular endowment of P10k every month for 10 years. However, he may choose to get a single lump sum payment at the end of 3 years. How much is the lumps of the cost of money in 10% compounded annually?

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