What is the present worth of a 3 years annuity paying P3,000 at the end of each year, with interest at 8% compounded annually?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 12E
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What is the present worth of a 3 years annuity paying P3,000 at the end of each year, with interest at 8% compounded annually?

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