Plates 1
Plates 1
Plates 1 – Prefinals
1. This year, its estimated that sewing machine maintenance would cost P500. For the next
nine years, the price will rise by P50 per year. The yearly compounded interest rate is 10%. What
is the machine’s estimated present value of maintenance over the course of a 20-year period?
3. Determine the present worth of a geometric gradient series with a cash flow of 50, 000 in
year 1 and increases of 6% each year through year 8. The interest rate is 10% per year.