Answered: How much should you put into a 20%…

How much should you put into a 20% savings account in order to have P50,000.00 in five years? O a. P21,093.88 O b. P20,390.88 О с. P20,093.88 O d. P20,930.88

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 14EB: How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one...

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How much should you put into a 20% savings account in order to have P50,000.00 in five years?
O a. P21,093.88
O b. P20,390.88
O c. P20,093.88
O d. P20,930.88

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