5. Find the present worth of the cash flow series shown if interest is 9% compounded semi- annually. The first payment is Php. 4,000.00 with succeeding payments increasing uniformly by Php. 500.00, until the end of the fourth year, where payments become uniform.

5. Find the present worth of the cash flow series shown if interest is 9% compounded semi- annually. The first payment is Php. 4,000.00 with succeeding payments increasing uniformly by Php. 500.00, until the end of the fourth year, where payments become uniform. 7