asked 47.5k views
5 votes
Your friend asks you to help him determine the appropriate price to pay for an annuity offering a retirement income of P10,000 a month for 10 years. Assume the interest rate is 6% compounded monthly. (Hint: Present Value)

asked
User Ramazan
by
7.7k points

1 Answer

3 votes

Answer:

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Explanation:

answered
User Nikolay Rusev
by
9.3k points
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