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?
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.
