d amount of the payment you paid is P 78,75 per year. The first payment is done after 4 yea bu paying every payment?

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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wrong solution given to me last time.so carefully solve and not use excel.

wrong solution downvote by me

• You are to pay a bill in Meralco every month for 5 years. The
accumulated amount of the payment you paid is P 78,758 at a
rate of 5% per year. The first payment is done after 4 years. How
much are you paying every payment?
Transcribed Image Text:• You are to pay a bill in Meralco every month for 5 years. The accumulated amount of the payment you paid is P 78,758 at a rate of 5% per year. The first payment is done after 4 years. How much are you paying every payment?
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