k. A man inherited a regular endowment of Php 100,000 every end of 3 months for x years. However, he may choose to get a single lump of Php 3,702,939.8 at the end of 4 year. If the rate of interest was 14% compounded quarterly, what is the value of x? include a non-excel cash flow
k. A man inherited a regular endowment of Php 100,000 every end of 3 months for x years. However, he may choose to get a single lump of Php 3,702,939.8 at the end of 4 year. If the rate of interest was 14% compounded quarterly, what is the value of x? include a non-excel cash flow
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 6R
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k. A man inherited a regular endowment of Php 100,000
every end of 3 months for x years. However, he may
choose to get a single lump of Php 3,702,939.8 at the
end of 4 year. If the rate of interest was 14%
compounded quarterly, what is the value of x?
include a non-excel cash flow
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