Find the present value (PV) of an ordinary annuity for P40,000 at 2% annually for 3 years.
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Find the present value (PV) of an ordinary annuity for P40,000 at 2% annually for 3 years.
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Answer:
42448.32< br/>
Step-by-step explanation:
Based on the given conditions, formulate:40000 times (2% times 1)³< br />Evaluate the equation/expression: 42448.32< br />Answer:42448.32 < br />