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A. Find the future value F of the following ordinary annuities
1.Annual payments of P105,000 with interest rate of 12% compounded annually for 5 years

Sagot :

GONZALESJOWEL979IN GONZALESJOWEL979IN

Answer:

63,000 PESOS

Step-by-step explanation:

PRINCIPAL = 105,000 PESOS

RATE = 12% OR 0.12%

TIME = 5 YEARS

105,000 PESOS × 0.12% = 12,600 PESOS

12,600 PESOS × 5 YEARS = 63,000 PESOS

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