Question
Find the present worth of the annuity paying P5,000 per month at a rate of 12% compounded quarterly forever.
(a) P505,050.50 (b) P505,550.50 (c) P550,050.50 (d) P505,500.50
(a) P505,050.50 (b) P505,550.50 (c) P550,050.50 (d) P505,500.50
Answers
oobleck
don't you have a handy formula for annuities?