The present value of an annuity of X pesos payable annually for 10 years, with the first payment at the end of 10 years, is P 189,481.25. Find the value X if money is worth 5%. P 45,000 P 38,068 P 48,068 P 55,000

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...
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The present value of an annuity of X pesos payable annually for 10 years, with the
first payment at the end of 10 years, is P 189,481.25. Find the value X if money is
worth 5%.
P 45,000
O P 38,068
P 48,068
O P 55,000
Transcribed Image Text:The present value of an annuity of X pesos payable annually for 10 years, with the first payment at the end of 10 years, is P 189,481.25. Find the value X if money is worth 5%. P 45,000 O P 38,068 P 48,068 O P 55,000
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