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To attend college for four years, Vladimir will need P 5,000 per year. When he was born, his mother invests P 6,000 into an 8
To attend college for four years, Vladimir will need P 5,000 per year. When he was born, his mother invests P 6,000 into an 8 percent account for his educational plan. How much will be left in the account at the beginning of year 22 if Vladimir withdraws P 5,000 at the start of years 18, 19, 20, and 21? draw the cash flow diagram
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