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How much was the deposited did Gary put to the bank

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Q1. Gary is assured by the bank that he will have P1 million pesos after giving a sum of money to them and let it stay to earn interest after 12 years. The prevailing interest at the time of the deposit was 10%. How much was the deposited did Gary put to the bank at time zero?

Q2. Theresa company received different cash values from a certain debtor that was allowed to pay in installments. The following schedule shows the different installments of the debtor:

1. What are the figures from X1 to X5 if the discount rate is 12%?

2. What is the total PV of total cash values received by Theresa Company?

Reference no: EM132892294

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