A man opened an account Php 200,000 in the bank today at the rate of 3% per annum. After two years, he deposits another Php 400,000. Five years after his last deposit, he will withdraw Php 500,000. How much money does he have on his account 10 years after he opened the account? Show the cash flow diagram.
A man opened an account Php 200,000 in the bank today at the rate of 3% per annum. After two years, he deposits another Php 400,000. Five years after his last deposit, he will withdraw Php 500,000. How much money does he have on his account 10 years after he opened the account? Show the cash flow diagram.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 4MC: Refer to the present value table information on the previous page. What amount should Brett have in...
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A man opened an account Php 200,000 in the bank today at the rate of 3% per annum. After two years, he deposits another Php 400,000. Five years after his last deposit, he will withdraw Php 500,000. How much money does he have on his account 10 years after he opened the account? Show the cash flow diagram.
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