Determine the present value of 15 equal quarterly payments of P1,200 where the first payment starts at the end of 3 years and 6 months if money is worth 7% compounded quarterly
Determine the present value of 15 equal quarterly payments of P1,200 where the first payment starts at the end of 3 years and 6 months if money is worth 7% compounded quarterly
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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Determine the present value of 15 equal quarterly payments of P1,200 where the first payment starts at the end of 3 years and 6 months if money is worth 7% compounded quarterly.
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