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Follow the sequence a.) Given: b.) Required: d.) Formula to be used: c.) Cash Flow Diagram (for annuity problems) e.) Solution: (box the final
Follow the sequence a.) Given: b.) Required: d.) Formula to be used: c.) Cash Flow Diagram (for annuity problems) e.) Solution: (box the final answer) 1. A factory operator bought a diesel generator set for [A. P10,000.00] [B. P15,000.00] [C. 12,500] and agreed to pay the dealer uniform sum at the end of each year for [A. 4 years] [B. 5 years] [C. 6 years] at 8% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment?
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