Question
2. On January 1, 2021. Minatozaki is planning to go to Bohol for a vacation. To materialize this plan, she needs to invest his current
2. On January 1, 2021. Minatozaki is planning to go to Bohol for a vacation. To materialize this plan, she needs to invest his current savings to TZU Financial Institution for 2 years with an interest rate of 9%. She is expecting the following expenses:
Hotel: 10,000
Food: 3,000
Transportation expenses: 2,000
Swap testing (Mandatory): 2,000
If he already has P5,000 today.
How much should she invest on January 1, 2022 for him to materialize this plan?
(Round off the final answer to 2 decimal places, do not use comma or peso sign. A correct answer, without following this instruction is a WRONG ANSWER)
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