A series of year end payments extending over eight years are as follows: P20,000 for the first year, P30,000 for the second year, P50,000 for the third year, and P40,000 for each year from the fourth through the 8th year. Find the equivalent annual worth of these payments if the annual interest is 8%. O P 32,987.98 O P 36,666.99 O P 38,980.35 OP 37,637,79

A series of year end payments extending over eight years are as follows: P20,000 for the first year, P30,000 for the second year, P50,000 for the third year, and P40,000 for each year from the fourth through the 8th year. Find the equivalent annual worth of these payments if the annual interest is 8%. O P 32,987.98 O P 36,666.99 O P 38,980.35 OP 37,637,79

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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