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How much money be invested today in order to withdraw P1500 per year at the end of each year for 8 years at an interest rate of 8%? O P8,620 O P8,260 O P8,206 P8,602

How much money be invested today in order to withdraw P1500 per year at the end of each year for 8 years at an interest rate of 8%? O P8,620 O P8,260 O P8,206 P8,602

Principles of Accounting Volume 2
Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 11EB: How much would you invest today in order to receive $30,000 in each of the following (for further...
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How much money be invested today in order to withdraw P1500 per year at the end of each year for 8 years at an interest rate of 8%? P8,620 P8,260 P8,206 O P8,602
Transcribed Image Text:How much money be invested today in order to withdraw P1500 per year at the end of each year for 8 years at an interest rate of 8%? P8,620 P8,260 P8,206 O P8,602
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