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On January 1, 2020 a depositor will need P1,854,865.50 on December 31, 2022. If a deposit earns 11% interest and is compounded annually, what equal
- On January 1, 2020 a depositor will need P1,854,865.50 on December 31, 2022. If a deposit earns 11% interest and is compounded annually, what equal amounts of cash should be deposited annually on January 1 of 2020, 2021 and 2022?
Referring to the information in number 1. If the deposits are made on December 31, of 2020, 2021 and 2022, what equal amounts of should be deposited?
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Managerial Accounting for Managers
Authors: Eric Noreen, Peter Brewer, Ray Garrison
3rd edition
78025427, 978-0077736460, 007773646X, 978-0078025426
