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ANNUITY help me please understand Answers: 3)108138.03 4) 10627.783 A series of year and payments extending over eight years are as follows: First year: P11,085
ANNUITY
help me please understand
Answers:
3)108138.03
4) 10627.783
A series of year and payments extending over eight years are as follows:
First year:P11,085
Second year:P23,819
Third year:P30,911
Fourth - Eighth Year:P40,000
Assuming money is worth 12.15% compounded annually. Determine the following:
3.Present value of all payments.
4.Equivalent semi-annual payments.
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