Answered: Manny has set a goal for his retirement…

Manny has set a goal for his retirement fund at age 60 of Php450,000. His one deposit is Php50,000. What interest rate is required if his deposit is made at age 30? (use two decimal places)

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 13E

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Manny has set a goal for his retirement fund at age 60 of Php450,000. His one deposit is Php50,000. What interest rate is required if his deposit is made at age 30? (use two decimal places)

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