Boiser deposited part of her royalty in a bank at the end of each year for 10 years. The bank paid 2.5% interest compounded annually. If she deposited PhP200,000 every year, how much did she have deposited, including the interest, after her 10th deposit

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
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Chapter4: Time Value Of Money
Section: Chapter Questions
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Dr. Boiser deposited part of her royalty in a bank at the end of each year for 10 years. The bank paid 2.5% interest compounded annually. If she deposited PhP200,000 every year, how much did she have deposited, including the interest, after her 10th deposit?

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