A professor plan to deposit P2,0000 in the bank now and another P40,000 for the next...
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A professor plan to deposit P2,0000 in the bank now and another P40,000 for the next 2 years. If he plans to withdraw P5,000.00 three years from his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10? A professor plan to deposit P2,0000 in the bank now and another P40,000 for the next 2 years. If he plans to withdraw P5,000.00 three years from his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10?
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To calculate the amount of money left in the bank after one year of the withdrawal we need to ... View the full answer
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780135811603
5th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
Posted Date:
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