Question
To raise P1,018,000 as cash payment for a new car at the end of 3 years, a person will make equal deposits in a bank
To raise P1,018,000 as cash payment for a new car at the end of 3 years, a person will make equal deposits in a bank [j=0.20, m=12] at the end of each month for the next 2 1/2 years. Find his monthly deposit.
Group of answer choices
a P24,567.23
b P25,876.31
c P23,934.81
d P21,431.91
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Financial Trading And Investing
Authors: John Teall
3rd Edition
0323909558, 978-0323909556
