In five years, P 20,000 will be bedded to pay for a building renovation. In order to generate this sum, an annuity consisting of three annual payments is established now. What payment is necessary if...

In five years, P 20,000 will be bedded to pay for a building renovation. In order to<br>generate this sum, an annuity consisting of three annual payments is established<br>now. What payment is necessary if money is worth 15% annually?<br>P 4355<br>P 5355<br>P 2920<br>P 3920<br>

Extracted text: In five years, P 20,000 will be bedded to pay for a building renovation. In order to generate this sum, an annuity consisting of three annual payments is established now. What payment is necessary if money is worth 15% annually? P 4355 P 5355 P 2920 P 3920

Jun 05, 2022

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In five years, P 20,000 will be bedded to pay for a building renovation. In order to generate this sum, an annuity consisting of three annual payments is established now. What payment is necessary if...

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