Refer to the following table of cash flows: End of year 0 3 6 9 12 Cash Flow P25,000 P25,000 P25,000 P25,000 P25,000 What is the annual worth of these cash flows over 12 years when ? = 5% per year?

Essentials Of Investments
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Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Refer to the following table of cash flows:

End of year 0 3 6 9 12
Cash Flow P25,000 P25,000 P25,000 P25,000 P25,000

What is the annual worth of these cash flows over 12 years when ? = 5% per
year?

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