In four years of employment, John was able to save P250,000 after he had invested on purchasing a motorcycle and a life insurance. He is now considering the different investment opportunities to start accumulating wealth. He plans to have an island vacation in Boracay next year. He allocates P40,000 from his savings for that trip. Since he had yet another year to spend the money, what type of financial instrument should John invest in? Why?
In four years of employment, John was able to save P250,000 after he had invested on purchasing a motorcycle and a life insurance. He is now considering the different investment opportunities to start accumulating wealth. He plans to have an island vacation in Boracay next year. He allocates P40,000 from his savings for that trip. Since he had yet another year to spend the money, what type of financial instrument should John invest in? Why?
Chapter9: Acquisitions Of Property
Section: Chapter Questions
Problem 87TA
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Transcribed Image Text:In four years of employment, John was able to save
P250,000 after he had invested on purchasing a
motorcycle and a life insurance. He is now
considering the different investment opportunities
to start accumulating wealth.
He plans to have an island vacation in Boracay next
year. He allocates P40,000 from his savings for that
trip. Since he had yet another year to spend the
money, what type of financial instrument should
John invest in? Why?
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