. Find the equivalent interest rate per payment interval j, present value P and amount F.  1. Semi-annual payments of P500 at the end of each term for 10 years with interest rate of 5% compounded semi-annually 2. Quarterly payments of P2,000 at the end of each term for 5 years with interest rate of 8% compounded annually

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 25E
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1. Find the equivalent interest rate per payment interval j, present value P and amount F. 

1. Semi-annual payments of P500 at the end of each term for 10 years with interest rate of 5% compounded semi-annually

2. Quarterly payments of P2,000 at the end of each term for 5 years with interest rate of 8% compounded annually

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