2. A man plans a 20year plan fund for his daughter, he wants her to receive 700,000 peryear for 10years (11th-20th year), 10 years from now. What amount should he invest today if it will earn 5% interest compounded annually during the first 5 years and 6% compounded quarterly during the next 5 years? and 7% compounded annually for the last 10 years? ans. 2,860,153 Php

2. A man plans a 20year plan fund for his daughter, he wants her to receive 700,000 peryear for 10years (11th-20th year), 10 years from now. What amount should he invest today if it will earn 5% interest compounded annually during the first 5 years and 6% compounded quarterly during the next 5 years? and 7% compounded annually for the last 10 years? ans. 2,860,153 Php

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 3PROB

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