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Mr. Abella owes Mr. Divinagracia the following obligations. (1) P100 due at the end of 10 years.(2) P200 due at the end of 5 years
Mr. Abella owes Mr. Divinagracia the following obligations. (1) P100 due at the end of 10 years.(2) P200 due at the end of 5 years with accumulated from to-day at 5% semi-annually.(3) P300 due at the end of 4 years with accumulated interest from to-day at 4% compounded annually,Mr. Abella will be allowed to discharge his obligations by two equal payments at the ends of the 3rd and 6th years. Divinagracia admits that money is worth 6% compounded semi-annually, what would be Mr. Abella's equal payments?
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