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A contract calls for the payment of P539,166 at the beginning of each year for the...

A contract calls for the payment of P539,166 at the beginning of each year for the next 9 years, and P132,686 at the beginning of each year for the following 5 years.  Find the present value of the payments if money is worth 9% effective.

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Answer #1

r 9%

1 539,166 494,648   

2 539,166 453,805 PV 3,470,061

3 539,166 416,335   

4 539,166 381,959   

5 539,166 350,421   

6 539,166 321,487   

7 539,166 294,942   

8 539,166 270,589   

9 539,166 248,247   

10 132,686 56,048   

11 132,686 51,420   

12 132,686 47,174   

13 132,686 43,279   

14 132,686 39,706

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