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Homework answers / question archive / If a 5-year ordinary annuity has a present value of PHP50,000, and if the interest rate is 10 percent compounded annually, what is the amount of each annuity payment?  Answer must have correct currency code and rounded off to the nearest hundredths

If a 5-year ordinary annuity has a present value of PHP50,000, and if the interest rate is 10 percent compounded annually, what is the amount of each annuity payment?  Answer must have correct currency code and rounded off to the nearest hundredths

Finance

If a 5-year ordinary annuity has a present value of PHP50,000, and if the interest rate is 10 percent compounded annually, what is the amount of each annuity payment? 
Answer must have correct currency code and rounded off to the nearest hundredths. (Sample Formats: PHP1,234.00 ; PHP1,200.45 )-no space between letters, numbers, comma and period 
 

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