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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:
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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)

User Ramazan
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1 Answer

3 votes

Answer:

gsdddddddddddddddd

Explanation:

User Nikolay Rusev
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