Mrs. Kimberly deposited P 300, 000 in an account earning 8% compounded every 6 months. On the 2th year, she deposited an amount of P 80, 000. On the 7 year, she deposited another P 75,000 in the same account and left it for le years at which time 41 percent of the total interest of her total savings is withdrawn. What will be his withdrawal amount on the 30th year from the day she started his savings.
Mrs. Kimberly deposited P 300, 000 in an account earning 8% compounded every 6 months. On the 2th year, she deposited an amount of P 80, 000. On the 7 year, she deposited another P 75,000 in the same account and left it for le years at which time 41 percent of the total interest of her total savings is withdrawn. What will be his withdrawal amount on the 30th year from the day she started his savings.
Chapter8: Depreciation And Sale Of Business Property
Section: Chapter Questions
Problem 18MCQ: Pat sells land for $25,000 cash and a $75,000 5-year note. If her basis in the property is $30,000...
Related questions
Question
Transcribed Image Text:Mrs. Kimberly deposited P 300, 000 in an
account earning 8% compounded every 6
months. On the 2th year, she deposited an
amount of P 80, 000. On the 7 year, she
deposited another P 75,000 in the same
account and left it for le years at which time
41 percent of the total interest of her total
savings is withdrawn. What will be his
withdrawal amount on the 30th year from
the day she started his savings.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you