a music birthday a boy is left on inheritance the inheritance will be paid in a lump sum of 10,000 pesos on his 21st birthday what is the present value of the inheritance as the as of the boy six birthday if the interest is compounded annually? Assume i = 4%.
a. 6,500 b. P 8, 600 c. P 5500 d P 7500
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The present value of the inheritance as of the boy’s 6th birthday is P5,500.
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