Compute the initial value of the money

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 12P
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Compute the initial value of the money if the barrower needs deposit the accumulated amount of P59,137 to the bank after 8 months and 24 days if the money has the interest rate of 19% per annum.

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