• Several payments are to be made by a person with a lot of debts. 1st payment: P2,000 compounded quarterly at 2% for 2yrs 2nd payment: P4,000 payable compounded semi-annually at 7% for 3yrs every end...

Engineering Economics

Several payments are to be made by a person with a lot of debts.

1st payment: ₱2,000 compounded quarterly at 2% for 2yrs

2nd payment: ₱4,000 payable compounded semi-annually at 7% for 3yrs every end of the month

3rd payment: ₱3,000 compounded annually at 8% for 4yrs payable every beginning of the month

How much money today must be set aside to cover all the person’s debt? Note: payments are made sequentially.

Extracted text: • Several payments are to be made by a person with a lot of debts. 1st payment: P2,000 compounded quarterly at 2% for 2yrs 2nd payment: P4,000 payable compounded semi-annually at 7% for 3yrs every end of the month 3rd payment: P3,000 compounded annually at 8% for 4yrs payable every beginning of the month How much money today must be set aside to cover all the person's debt? Note: payments are made sequentially.