ANSWER EVERYTHING AND PLEASE DO THIS TYPEWRITTEN FOR UPVOTE 3.A father plans to set aside Php250,000 for his son's college education. If he wishes to havePhp500,000 in 5 years, at what rate converted monthly should he invest his money?3

In the case above a father plans to set php250,000 and wants to earn php500,000

Answered: A father plans to set aside Php250,000…

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 20PROB

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Similar questions

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You need Php 40,000 per year for four years to go to college. Your father invested Php 50,000 in a 7% interest for your education when you were born. If you withdraw the Php 40,000 at the end of 17th , 18th , 19th , and 21st years, how much money will be left in the account at the end of 21st year?
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You need P4,000 per year for four years to go to college. Your father invested P5,000 in 7% for your education when you were born. If you withdraw P4,000 at the end of your 17th, 18th, 19th and 20th birthday, how much will be left in the account at the end of the 21st year?

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A father plans to set aside Php250,000 for his son's college education. If he wishes to have Php500,000 in 5 years, at what rate converted monthly should he invest his money? 3.