Answered: Find the present value of an annuity if…

Find the present value of an annuity if the first monthly payment of Php 8,500 is made at the end of 6 years for 9 years. Money is worth 12.6% compounded monthly.

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section4.17: Amortized Loans

Problem 1ST

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8. Find the present value of an annuity if the first monthly payment of Php 8,500 is made at the end
of 6 years for 9 years. Money is worth 12.6% compounded monthly.

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