7. An asphalt road requires no upkeep until the end of 2 years when P60,000 will be needed for repairs. After this P90,000 will be needed for repairs at the end of each year for the next 5 years, then P120,000 at the end of each year for the next 5 years. What is present sum of monev?

7. An asphalt road requires no upkeep until the end of 2 years when P60,000 will be needed for repairs. After this P90,000 will be needed for repairs at the end of each year for the next 5 years, then P120,000 at the end of each year for the next 5 years. What is present sum of monev?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

Please include a drawing of cashflow diagram

7. An asphalt road requires no upkeep
until the end of 2 years when P60,000
will be needed for repairs. After this
P90,000 will be needed for repairs at
the end of each year for the next 5
years, then P120,000 at the end of each
year for the next 5 years. What is
present sum of money?

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