Draw cashflow and box the final answer A man deposited in his bank account an amount of P550,000. He has an annual allowance expense of P9500 and book costs of P3000 every 3 years. He was an irregular at engineering and at the end of year 6, the he broke an equipment in the laboratory and was repaired at a rebuild cost of 22,000. How much will be left at his account at year 9, at if money rate is 8% compounded annually?
Draw cashflow and box the final answer A man deposited in his bank account an amount of P550,000. He has an annual allowance expense of P9500 and book costs of P3000 every 3 years. He was an irregular at engineering and at the end of year 6, the he broke an equipment in the laboratory and was repaired at a rebuild cost of 22,000. How much will be left at his account at year 9, at if money rate is 8% compounded annually?
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter9: Current Liabilities, Contingencies, And The Time Value Of Money
Section: Chapter Questions
Problem 9.21MCE
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Draw cashflow and box the final answer
A man deposited in his bank account an amount of P550,000.
He has an annual allowance expense of P9500 and book
costs of P3000 every 3 years. He was an irregular at
engineering and at the end of year 6, the he broke an
equipment in the laboratory and was repaired at a rebuild cost
of 22,000. How much will be left at his account at year 9, at if
money rate is 8% compounded annually?
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