Find the present value of an annuity of P 30,000 payable annually for 10 years

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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Find the present value of an annuity of P 30,000 payable annually for 1O years
with the first payment at the end of the 10th year, if the money is worth 6%
compounded annually.
P 130,693
O P 105,801
P 120,593
P 100,701
Transcribed Image Text:Find the present value of an annuity of P 30,000 payable annually for 1O years with the first payment at the end of the 10th year, if the money is worth 6% compounded annually. P 130,693 O P 105,801 P 120,593 P 100,701
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