A student needs P4000 per year for 4 years to attend college. Her father invested P5000 ina 7% account for her education when she was born. If the student withdraws P4000 at the end of her 17th, 18th, 19th and 20th years, how much money will be left in the account at the end of her 21st year? P1,880 P1,700 O P1,500 P1,690

A student needs P4000 per year for 4 years to attend college. Her father invested P5000 ina 7% account for her education when she was born. If the student withdraws P4000 at the end of her 17th, 18th, 19th and 20th years, how much money will be left in the account at the end of her 21st year? P1,880 P1,700 O P1,500 P1,690

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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