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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100,000 1-(1+0,08)-3 0.08 P38, 803.35 Thus, the man should pay P38, 803.35 every year for 3 years. v. Activities A. Independent Practice Directions: Find the present value P and future valueF of the following ordinary annuities. Write your answer on a separate sheet of paper. 1. Quarterly payments of P2,000 for 5 years with interest rate of 8% compounded quarterly. Semi-annual payments of P8,000 for 12 yearswith interest rate of 12% compounded semi-annually 2. 3. Daily payments of P50 for 30 days with interest rate of 20% compounded daily
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Transcribed Image Text:100,000 1-(1+0,08)-3 0.08 P38, 803.35 Thus, the man should pay P38, 803.35 every year for 3 years. v. Activities A. Independent Practice Directions: Find the present value P and future valueF of the following ordinary annuities. Write your answer on a separate sheet of paper. 1. Quarterly payments of P2,000 for 5 years with interest rate of 8% compounded quarterly. Semi-annual payments of P8,000 for 12 yearswith interest rate of 12% compounded semi-annually 2. 3. Daily payments of P50 for 30 days with interest rate of 20% compounded daily
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