Engr. Salvador has to pay her bill in credit card in instalment basis. First payment is P50,000 at the end of 1st year, ₱20,000 at the end of 3rd year, ₱30,000 at the end of 6th year and ₱8,000 at the end of 8th year. How much is the total payment of Engr. Salvador after 10 years at a rate of 10% per annum?

Engr. Salvador has to pay her bill in credit card in instalment basis. First payment is P50,000 at the end of 1st year, ₱20,000 at the end of 3rd year, ₱30,000 at the end of 6th year and ₱8,000 at the end of 8th year. How much is the total payment of Engr. Salvador after 10 years at a rate of 10% per annum?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 15E

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