Question
use 4 decimal places A student plan to deposit P 1,500.00 in the bank now and another P 3,000.00 for the next 2 years. If
use 4 decimal places
A student plan to deposit P 1,500.00 in the bank now and another P 3,000.00 for the next 2 years. If he plans to withdraw P 5,000.00 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%. (Show complete solution and Cash Flow Diagram)
- P 1,459.4615
- P 1,559.6415
- P 1,449.6415
- P 1.645.9515
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College Accounting Chapters 1-30
Authors: John Price, M. David Haddock, Michael Farina
14th edition
978-1259284861, 1259284867, 77862392, 978-0077862398
