Question 5
Find the present value of a deferred annuity of P8599 every six months for 4 years that is deferred for 3 years, if money is worth 59% compounded semi-annually.
Round your answer to 2 decimal places.
Question 6
Don Solomon wants to set up a scholarship program with his alma mater. If P778111 is needed per year for the scholars, how much
must he invest today at 2.4% compounded annually to fund the scholarship program in perpetuity?
Round your answer to 2 decimal places.
