A company sets aside P200,000 at the end of each year for plant expansion. If the fund draws 8% compounded annually, how long would it take before P2.5M can be saved?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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A company sets aside P200,000 at the end of each year for plant expansion. If the fund draws 8% compounded annually, how long would it take before P2.5M can be saved?

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