Question
An employee is about to receive the sum of P300.00 at the end of each year for 5 years.One year prior to the receipt of
An employee is about to receive the sum of P300.00 at the end of each year for 5 years.One year prior to the receipt of the first sum, he decides to discount all 5 sum. If theinterest rate is 6%, what proceeds will he obtain?
ANS: 1264
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Bookkeeping And Auditing A Career Guide
Authors: Harry Watts
1st Edition
1639878106, 1639878106
