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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

  • Réponse publiée par: smith21

    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

  • Réponse publiée par: elaineeee

    answer:

    B. Present Value

    Harold currently has Php 500,000 in his account

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  • Réponse publiée par: sherelyn0013

    answer:

    B

    word currently means present

  • Réponse publiée par: cyrishlayno

    F = P(1+r)^t

    F = 120000 (1 + 0.10)^4

    F = Php 175,692.00

  • Réponse publiée par: abbigail333

    F=120,000(1+0.10)⁴

    F=145200

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