FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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May I ask for an explanation and solution to the question for a better understanding. Thank you!

5. What is the future value of a 5-year ordinary annuity with annual payments of P200, evaluated at a 7.5% semi-annual interest rate?
 
a. P1,161.68
 
b. P1,348.48
 
c. P3,828.34
 
d. P287.13
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