A man invested ₱130,000 at an interest rate of 10% compounded annually. What will be the final amount of his investment, in terms of today’s peso, after 5 years, if inflation remains the same at the rate of 8% per year?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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A man invested ₱130,000 at an interest rate of 10% compounded annually. What will be the final amount

of his investment, in terms of today’s peso, after 5 years, if inflation remains the same at the rate of 8%

per year?

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