Find the present value in pesos, of a perpetuity of P15,000 payable semi-annually if the money is worth 8% compounded quarterly.

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
Section: Chapter Questions
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How can you get the value of 0.404 from the solution below? Step by step.
+1
0.08
1+
4
1+
= 0.404
2
A 15,000
P =
i
0.404
P = 371,287.128
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Transcribed Image Text:+1 0.08 1+ 4 1+ = 0.404 2 A 15,000 P = i 0.404 P = 371,287.128 www.PinoyBIX.org
Find the present value in pesos, of a perpetuity of P15,000 payable semi-annually if
the money is worth 8% compounded quarterly.
Transcribed Image Text:Find the present value in pesos, of a perpetuity of P15,000 payable semi-annually if the money is worth 8% compounded quarterly.
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