ANNUITY<\/p>
<\/p>
<\/p>
<\/p>
help me please understand<\/p>
<\/p>
<\/p>
<\/p>
Answers:<\/p>
7) 13774.61<\/p>
8)34.298<\/p>
<\/p>
PROBLEM 4.<\/strong><\/p> An ordinary annuity paying P1,811 at the end of each year for 15 years, is to be converted to an annuity paying an amount at the beginning of each month for 15 years. Money is worth 10% compounded annually. Determine the following:<\/p> 7.<\/strong>Present value of the payment.<\/p> 8.<\/strong>Amount being paid at the beginning of each month for 15 years?<\/p> <\/p>",
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