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11. Find the present value and the amount of Php 2 200.00 payable at the beginning of each month for 3 years. Money is worth 12.9 % compounded monthly.​

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✏️ Question

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11. Find the present value and the amount of Php 2 200.00 payable at the beginning of each month for 3 years. Money is worth 12.9 % compounded monthly.

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✏️ Answer

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Hence, the present value is Php 950.89.

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