# A.

find the future value and present value of each ordinary annuity.

principal 40,000

rate 2%

term 3 years

mode of payment annually

Answers: 1

## Answers

A.find the future value and present value of each ordinary annuity.principal 40,000rate 2%term 3 yea...

Present Value(P)= 37,735.85

Explanation:

Present Value(P)= P/1+rt

= 40,000/1+(.02 %)(3)

=40,000/1.06

=37,735.84906 or 37,735.85

answer:

B. Present Value

Harold currently has Php 500,000 in his account

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answer:

B

word currently means present

F = P(1+r)^t

F = 120000 (1 + 0.10)^4

F = Php 175,692.00

F=120,000(1+0.10)⁴

F=145200

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