Find the present worth of perpetuity of P 6,000 annually with an interest rate of 10% compounded monthly. P 47,300 P 57,300 P 67,300 P 27,300

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 20E
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Find the present worth of perpetuity of P 6,000 annually with an interest rate of
10% compounded monthly.
O P 47,300
P 57,300
O P 67,300
O P 27,300
Transcribed Image Text:Find the present worth of perpetuity of P 6,000 annually with an interest rate of 10% compounded monthly. O P 47,300 P 57,300 O P 67,300 O P 27,300
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