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)

the aswere is the one with all 8's and the second one is with the 10,8 and 6

step-by-step explanation:

asdsaddsa

step-by-step explanation:

should have been evaluated with one odd value and one even value. the expressions have equivalent values when . when , the first expression has a value of 3 and the second

step-by-step explanation:

soo this can be solve by using the formula:

f = p( 1 + i)^ n

where f is the future profit

p is the initial profit

i is the percent increase

n is the number of years

a . f = 30000 ( 1.05)^n

b. f = 30000 ( 1.05)^15

f = $62,368