• Several payments are to be made by a person with a lot of debts. 1st payment: P2.000 compounded quarterly at 9% after 2yrs 2nd payment: P4,000 payable compounded semi-annually at 1% for 3yrs every...



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• Several payments are to be made by a person with a lot of debts.<br>1st payment: P2.000 compounded quarterly at 9% after 2yrs<br>2nd payment: P4,000 payable compounded semi-annually at 1% for 3yrs every end of the month<br>3rd payment: P3,000 compounded annually at 9% for 4yrs payable every beginning of the month<br>How much money today must be set aside to cover all the person's debt? Note: payments are made sequentially.<br>

Extracted text: • Several payments are to be made by a person with a lot of debts. 1st payment: P2.000 compounded quarterly at 9% after 2yrs 2nd payment: P4,000 payable compounded semi-annually at 1% for 3yrs every end of the month 3rd payment: P3,000 compounded annually at 9% for 4yrs payable every beginning of the month How much money today must be set aside to cover all the person's debt? Note: payments are made sequentially.

Jun 10, 2022
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