1.1 If you desire to withdraw the following amount in the schedule below from the savings account which earns a 7% interest compounded annually, how much do you need to deposit now? Use equation of value with focal point at point 2. Withdrawal (PhP) End of Period Amount of deposit (PhP) 32,000 33,000 3. 4. 36,000 38,000 120 5.

1.1 If you desire to withdraw the following amount in the schedule below from the savings account which earns a 7% interest compounded annually, how much do you need to deposit now? Use equation of value with focal point at point 2. Withdrawal (PhP) End of Period Amount of deposit (PhP) 32,000 33,000 3. 4. 36,000 38,000 120 5.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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