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A man inherited a regular endowment of P10,000 every month for 10 years. How much is the lump sum at the end of 20 years if the cost of money is 14% compounded semiannually?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 5Q: If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the...

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1. Draw cashflow diagram and show all solution. not in excel please

A man inherited a regular endowment of P10,000 every month for 10 years. How much is the lump sum at the end of 20
years if the cost of money is 14% compounded semiannually?

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