What annuity over a 10 year period at 8% interest is equivalent to a present worth of P10,000? What annuity over a 10 year period at 8% interest is equivalent to a present worth of P10,000? A. P1,200 C. P1,490 B. P1,380 D. P1,500 Log in or register to post comments Solution Click here to… Jhun Vert Wed, 07/03/2024 - 22:30 Solution Click here to expand or collapse this section $P = \dfrac{A \left[ (1 + i)^n - 1 \right]}{(1 + i)^n \, i}$ $A = \dfrac{P(1 + i)^n \, i}{(1 + i)^n - 1}$ $A = \dfrac{10,000(1 + 0.08)^{10} \, 0.08}{(1 + 0.08)^{10} - 1}$ $A = \text{P}1,490.30$ Log in or register to post comments
Solution Click here to… Jhun Vert Wed, 07/03/2024 - 22:30 Solution Click here to expand or collapse this section $P = \dfrac{A \left[ (1 + i)^n - 1 \right]}{(1 + i)^n \, i}$ $A = \dfrac{P(1 + i)^n \, i}{(1 + i)^n - 1}$ $A = \dfrac{10,000(1 + 0.08)^{10} \, 0.08}{(1 + 0.08)^{10} - 1}$ $A = \text{P}1,490.30$ Log in or register to post comments
Solution Click here to…