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a young man has decided to go into business at age of 40. he wishes to accumulate php 200.00 at that age. on his twenty-fifth

a young man has decided to go into business at age of 40. he wishes to accumulate php 200.00 at that age. on his twenty-fifth birthday he deposits a certain amount and will increase the deposit by 10% each year until fortieth year. if the funds can be invested at 9.6% compounded annually, how much should his initial investment will be? a. Php 3,184.43 b. Php 3,074.82 c. 3,084.54 d. 3,174.67

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