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Today, you invest Php 100,000 into a fund that pays 25% interest compounded annually. Three years later, you borrow Php 50,000 from a bank at
Today, you invest Php 100,000 into a fund that pays 25% interest compounded annually. Three years later, you borrow Php 50,000 from a bank at 20% annual interest and invest in the fund. Two years later, you withdraw enough money from the fund to repay the bank loan and all interest due on it. Three years from this withdrawal you start taking Php 25,000 per year out of the fund. After five withdrawals, you withdraw the balance in the fund. How much was withdrawn? (Answer is in Php.)
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