Answered: If you wish to accumulate P140,000 in…

If you wish to accumulate P140,000 in 13 years, how much would you deposit today in an account that pays an annual interest rate of 14%?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 11E

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28. If you wish to accumulate P140,000 in 13 years, how much would you deposit today in an account that pays an annual interest rate of 14%?

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