Answered: Compute how much shall the investor…

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Finance

Compute how much shall the investor collect at the end of 13 years

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 16P

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An investor have a projected surplus income of P1000 per year which he plans to place in a bank which offers an interest of 18% per annum for time deposit over 5 years. Compute how much shall the investor collect at the end of 13 years

7. An investor have a projected surplus income of P1000 per year which he plans to
place in a bank which offers an interest of 18% per annum for time deposit over 5 years.
Compute how much shall the investor collect at the end of 13 years.

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