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Solution: What is the present worth of two P100 payments?

(Last Updated On: December 8, 2017)

What is the present worth of two P100 payments?

Problem Statement: ME Board Aril 1996

What is the present worth of two P100 payments at the end of the third year and fourth year? The annual interest rate is 8%.

  • A. P153
  • B. P160
  • C. P162
  • D. P127

Problem Answer:

The present worth of two P100 payments at the end of the third year and fourth year is P153.

Solution:

Solution: What is the present worth of two P100 payments?

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