Find the present value of an annuity if the first monthly payment of P6,200 is made at the end of 4 years for 9 years. Money is worth 12.6% compounded monthly.

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 20E
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Deferred Annuity

Find the present value of an annuity if the first monthly payment of P6,200 is made at the end of 4 years for 9 years. Money is worth 12.6% compounded monthly.

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