Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Find the present value of an annuity of P20,000 payable annually for 8 years, with the first payment at the end of the 11th year, if money is worth 5% compounded annually.
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