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nd thereafter he wishe

nd thereafter he wishe

Excel Applications for Accounting Principles
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter27: Time Value Of Money (compound)
Section: Chapter Questions
Problem 8E
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Mr. X is planning for her retired life. She has 10 more years of service. He would like to deposit 20% of his salary, which is P 5,000, at the end of the first year, and thereafter he wishes to deposit the amount with an annual increase of P 500 for the next 9 years with an interest rate of 12%. What is the equivalent uniform annual deposit for the next 10 years?
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