A young entrepreneur wants to have ₱500,000 3years from now to start his dream Computer Shop. He decided to invest his money in the stock market expecting that he will receive a winning interest rate of 10% each year. How much should he put annually on the market to achieve the amount he wants for his shop? Show solution and cashflow

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 1PA: Your company is planning to purchase a new log splitter for is lawn and garden business. The new...
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A young entrepreneur wants to have ₱500,000 3years from now to start his dream Computer Shop. He decided to invest his money in the stock market expecting that he will receive a winning interest rate of 10% each year. How much should he put annually on the market to achieve the amount he wants for his shop? Show solution and cashflow

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