Several Payments Are To Be Made By A Person With A Lot Of Debts 1st Payment P2 000 Compounded Quarterly At 7 For 2y 1 (14.8 KiB) Viewed 22 times
Several Payments Are To Be Made By A Person With A Lot Of Debts 1st Payment P2 000 Compounded Quarterly At 7 For 2y 2 (24.9 KiB) Viewed 22 times
• Several payments are to be made by a person with a lot of debts. 1st payment: P2,000 compounded quarterly at 7% for 2yrs 2nd payment: $4,000 payable compounded semi-annually at 5% for 3yrs every end of the month 3rd payment: P3,000 compounded annually at 4% for 4yrs payable every beginning of the month How much money today must be set aside to cover all the person's debt? Note: payments are made sequentially.
• • Several payments are to be made by a person with a lot of debts. 1st payment: P2,000 compounded quarterly at 9% for 2yrs 2nd payment: $4,000 payable compounded semi-annually at 6% for 3yrs every end of the month 3rd payment: P3,000 compounded annually at 6% for 4yrs payable every beginning of the month How much money today must be set aside to cover all the person's debt? Note: payments are made sequentially.
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