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2. What amount should you invest now if you want to receive payments of P3,000 at
the end of each year for 10 years with the receipt of the first payment 3 years from
now if the money is 5% compounded annually?​


Sagot :

Answer:

If we have the option of receiving $100 today, or $100 a year from now, we will ... If we deposit a sum of money with the present ... The above expression is valid for annual compounding.