Find the future value and the present value of each ordinary annuity. Mode of PaymentMonthlyMonithlySemi-annuallySemi-annuallySemi-annuallyPrincipal1.RateTermP440, 0002.7%8%9%10 years12 years12 years24 years30 yearsP950, 0003.P1, 240, 000P4, 680, 0005. PI7,000,002.25%8.42%4.

Future value of an annuity can be calculated using the FV Function in excel. Present value of an…

Principal Rate Mode of Payment Monthly Monthly Semi-annually Semi-annually Semi-annually Term 1. P440, 000 7% 8% 9% 10 years 12 years 12 years 24 years 30 years 2. P950, 000 3. PI, 240,000 4. P4, 680, 000 225% 8.42% 5. PI7, 000, 00

Principal Rate Mode of Payment Monthly Monthly Semi-annually Semi-annually Semi-annually Term 1. P440, 000 7% 8% 9% 10 years 12 years 12 years 24 years 30 years 2. P950, 000 3. PI, 240,000 4. P4, 680, 000 225% 8.42% 5. PI7, 000, 00

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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Question

Find the future value and the present value of each ordinary annuity.

Mode of Payment
Monthly
Monithly
Semi-annually
Semi-annually
Semi-annually
Principal
1.
Rate
Term
P440, 000
2.
7%
8%
9%
10 years
12 years
12 years
24 years
30 years
P950, 000
3.
P1, 240, 000
P4, 680, 000
5. PI7,000,00
2.25%
8.42%
4.

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