II. Engr. Roxas plans to deposit P20,000 in the bank now and P20,000 after 2 months. If he plans to withdraw P40,000 after 6 months from the day of first deposit, what will be the remaining balance in his account after 1 year from his second deposit? Interest rate is 10% compounded semi-annually. Find: Cash Flow Diagram Solution Final Answer
II. Engr. Roxas plans to deposit P20,000 in the bank now and P20,000 after 2 months. If he plans to withdraw P40,000 after 6 months from the day of first deposit, what will be the remaining balance in his account after 1 year from his second deposit? Interest rate is 10% compounded semi-annually. Find: Cash Flow Diagram Solution Final Answer
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 34P
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#2 Effective rate of interest
II. Engr. Roxas plans to deposit P20,000 in the bank now and P20,000 after 2 months. If he plans to withdraw P40,000 after 6 months from the day of first deposit, what will be the remaining balance in his account after 1 year from his second deposit? Interest rate is 10% compounded semi-annually.
Find:
- Cash Flow Diagram
- Solution
- Final Answer
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