Question
What is the difference between the sums of an annuity due and an ordinary annuity for the following data; Periodic Payment= P14,000; Term= 16 years;
What is the difference between the sums of an annuity due and an ordinary annuity for the following data;
Periodic Payment= P14,000;
Term= 16 years;
Interest Rate= 10% compounded quarterly
Payment Interval=3 months.
answers must be P53,991.62
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
3rd Edition
0471372668, 978-0471372660
