2660Civil EngineeringMedium
What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually?
AP 7,731.29
BP 7,654.04
CP 7,420.89
DP 7,590.12
Correct answer
A. P 7,731.29
Explanation
The correct answer is P 7,731.29.