Question
A man inherited a regular endowment of P100,000 every end of 3 months for 10 years. However, he may choose to get a single lump
A man inherited a regular endowment of P100,000 every end of 3 months for 10 years. However, he may choose to get a single lump sum payment at the end of 4 years. How much is the lump sum if money is worth 14% compounded quarterly?
a. P3,702,939
b. P3,602,431
c. P3,802,862
d. P3,502,546
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Handbook Of Asian Finance Financial Markets And Sovereign Wealth Funds
Authors: David Lee, Greg N. Gregoriou
1st Edition
0128009829, 978-0128009826
