ngr. Singson wants to get married on June 8, 2023. According to his estimates, he will need P305,000. With this, he started depositing to Landbank on February 8, 2016 with an amount of P10,500. He made a second deposit worth P50,000 on August 24, 2020. How much he deposits on November 4, 2021 so that he will realize the required amount for his weddinf . Use i=6% per year. Con
ngr. Singson wants to get married on June 8, 2023. According to his estimates, he will need P305,000. With this, he started depositing to Landbank on February 8, 2016 with an amount of P10,500. He made a second deposit worth P50,000 on August 24, 2020. How much he deposits on November 4, 2021 so that he will realize the required amount for his weddinf . Use i=6% per year. Con
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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Engr. Singson wants to get married on June 8, 2023. According to his estimates, he will need P305,000. With this, he started depositing to Landbank on February 8, 2016 with an amount of P10,500. He made a second deposit worth P50,000 on August 24, 2020. How much he deposits on November 4, 2021 so that he will realize the required amount for his weddinf . Use i=6% per year. Consider exact interest.
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