Q1. Suppose a man receives an initial annual salary of 60,000Php, increasing at the rate of 5,000Php a year. If money is worth 10%, determine his equivalent salary for a period of 8 years. Answer: A = 75,022.39Php

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Chapter4: Time Value Of Money
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Make a cash flow diagram of the problem below. Only cash flow diagram, I am not asking you to answer the problem just show me the correct cash flow diagram. Thanks in advance!!!

Q1. Suppose a man receives an initial annual salary of 60,000Php, increasing at the rate of 5,000Php a
year. If money is worth 10%, determine his equivalent salary for a period of 8 years.
Answer: A = 75,022.39Php
Transcribed Image Text:Q1. Suppose a man receives an initial annual salary of 60,000Php, increasing at the rate of 5,000Php a year. If money is worth 10%, determine his equivalent salary for a period of 8 years. Answer: A = 75,022.39Php
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