Question: Tatsumi invested Php 10,000 now for the college education of his three-year old son. If the fund earns 14% effective, how much will the sun get each year starting from 19th to 22nd birthday?

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 23E
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! Show Full Solution ! *using DEFERRED ANNUITY formulas only *use given data below Answer: 36,294.49 Question: Tatsumi invested Php 10,000 now for the college education of his three-year old son. If the fund earns 14% effective, how much will the sun get each year starting from 19th to 22nd birthday?
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