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Future and Present value annuity 1. How much must be deposited now in bank paying 9% compounded monthly if it is desired that a monthly

Future and Present value annuity

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1. How much must be deposited now in bank paying 9% compounded monthly if it is desired that a monthly withdrawal of Php 3,000 can be made for 5 years. Given; Solution: 2. What is the present value of an ordinary annuity it its value at the end of 10 yrs is Php 50,000? Assume that money is worth 12% compounded quarterly? Given: Solution

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