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An investment of Php 285 is made at the beginning of each month for the duration of 6 years and 7 months starting Jan. 1, 2009.?
An investment of Php 285 is made at the beginning of each month for the duration of 6 years
and 7 months starting Jan. 1, 2009. If the person wants to withdraw Php 43,967.21 after
several years from his last payment (a) when will he receive the money (indicate the date,
month and year) if money is worth 8% compounded monthly. (b) If the person wants to pay an
ordinary uniform annual payment for 12 years at that time he receives Php 43,967.21, what will
be its equivalent annual payment and equivalent present worth value?
- kswck2Lv 71 month ago
Do your own homework.