Answered: An engineer deposits 7000 pesos every…

An engineer deposits 7000 pesos every year end in a savings account that pays nominal annual interest of 7% compounded continously, how many years will it take him to accumulate 140000 pesos

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1P

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An engineer deposits 7000 pesos every year end in a savings account that pays nominal annual interest of 7% compounded continously, how many years will it take him to accumulate 140000 pesos

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