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
Problem 1PS
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Determine the present worth of a commercial space which requires P1,500,200 for original construction: P101,200 at the end of every year for the first 6 years and then P130,000 each year thereafter for operating expenses with interest at 6% compounded quarterly? Show complete solution and formula used. Provide cashflow diagram. Write it legibly in a piece of paper and not in excel.
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