Yahoo Answers is shutting down on 4 May 2021 (Eastern Time) and, as of 20 April 2021 (Eastern Time), the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Mike asked in Business & FinanceInvesting · 1 month ago

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?

1 Answer

Relevance
  • kswck2
    Lv 7
    1 month ago

    Do your own homework. 

Still have questions? Get answers by asking now.