A contract has been signed to lease a building at P20,540 per year with an annual increase of P1,158 for 12 years. Payme

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A contract has been signed to lease a building at P20,540 per year with an annual increase of P1,158 for 12 years. Payme

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A Contract Has Been Signed To Lease A Building At P20 540 Per Year With An Annual Increase Of P1 158 For 12 Years Payme 1
A Contract Has Been Signed To Lease A Building At P20 540 Per Year With An Annual Increase Of P1 158 For 12 Years Payme 1 (22.14 KiB) Viewed 8 times
A contract has been signed to lease a building at P20,540 per year with an annual increase of P1,158 for 12 years. Payments are to be made at the end of each year, starting one year from now. The prevailing interest rate is 7.68%. What lump sum paid today would be equivalent to the 12-year lease - payment plan? Write your final answer in four decimal places. K
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