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What is the present value of a general ordinary annuity whose quarterly payments of Php 25,000 for 6 years has an interest rate of 7% compounded annually? * O Php 478,989.78 O Php 458,989.78 Php 488,989.78 O Php 468,989.78

What is the present value of a general ordinary annuity whose quarterly payments of Php 25,000 for 6 years has an interest rate of 7% compounded annually? * O Php 478,989.78 O Php 458,989.78 Php 488,989.78 O Php 468,989.78

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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What is the present value of a general ordinary annuity whose quarterly payments of Php 25,000 for 6 years has an interest rate of 7% compounded annually? * O Php 478,989.78 O Php 458,989.78 O Php 488,989.78 O Php 468,989.78
Transcribed Image Text:What is the present value of a general ordinary annuity whose quarterly payments of Php 25,000 for 6 years has an interest rate of 7% compounded annually? * O Php 478,989.78 O Php 458,989.78 O Php 488,989.78 O Php 468,989.78
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