What is the present worth and the accumulated amount
Problem
Pedro made 24 payments of P200,000.00 each, and all payments are made at the beginning of each year. If interest rate is 18% compounded annually, what is the present worth and the accumulated amount of all such annuity payments?
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If interest rate is 18% compounded annually, what is the present worth and the accumulated amount of all such annuity payments?
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