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Today is September 2, 1978. Ten years ago, you deposited P10,000 per month. You made the deposit continuously for 6 years and then stopped. In
Today is September 2, 1978. Ten years ago, you deposited P10,000 per month. You made the deposit continuously for 6 years and then stopped. In September 2, 1982, you established a belt and nut factory. Starting September 2, 1982 you withdraw P100 a month for advertisement. How many months can you withdraw before the money is exhausted? Interest is 6% compounded monthly.
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