F = P(1 + 12%)²⁴ = 8000
P(1 + 0.12)²⁴ = 8000
P(1.12)²⁴ = 8000
P15.17862893 = 8000
P≈₱527.06
→ the present value is ₱527.06
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Answers & Comments
F = P(1 + 12%)²⁴ = 8000
P(1 + 0.12)²⁴ = 8000
P(1.12)²⁴ = 8000
P15.17862893 = 8000
P≈₱527.06
→ the present value is ₱527.06