On February 19, 2026, Anna will need P 40,000. Assume that the annual effective interest is 7%. How much would Anna have to deposit on March 25, 2022 in order to be able to withdraw an amount of P40,000 on February 19, 2026?
On February 19, 2026, Anna will need P 40,000. Assume that the annual effective interest is 7%. How much would Anna have to deposit on March 25, 2022 in order to be able to withdraw an amount of P40,000 on February 19, 2026?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 24P
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On February 19, 2026, Anna will need P 40,000. Assume that the annual effective interest is 7%. How much would Anna have to deposit on March 25, 2022 in order to be able to withdraw an amount of P40,000 on February 19, 2026?
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