Monica is planning to buy a house and lot in Batangas worth 1,450,000 today, she wants to know the price of the property after 7 years considering that the property inflation rate is 6.55%. Compute for the price of the property after 7 years. Price : (2 decimal places)

Monica is planning to buy a house and lot in Batangas worth 1,450,000 today, she wants to know the price of the property after 7 years considering that the property inflation rate is 6.55%. Compute for the price of the property after 7 years. Price : (2 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 11E

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Monica is planning to buy a house and lot in
Batangas worth 1,450,000 today, she wants to know
the price of the property after 7 years considering
that the property inflation rate is 6.55%. Compute for
the price of the property after 7 years.
Price :
(2 decimal places)

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