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sn va s from now so that a new product lin money each quarter from now, how s worth 7% compounded quarterly of 10 years? (a) (b) (c) (d) Less than P182,000 P182,500 P191,300 Over P262,000

sn va s from now so that a new product lin money each quarter from now, how s worth 7% compounded quarterly of 10 years? (a) (b) (c) (d) Less than P182,000 P182,500 P191,300 Over P262,000

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 9PROB
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1. A manufacturer of toilet flush valves wants to have P15,000,000 available 10 years from now so that a new product line can be initiated. If the company plans to deposit money each quarter from now, how much will it have to deposit each year if money is worth 7% compounded quarterly in order to have it available immediately at the end of 10 years? (a) (b) (c) (d) Less than P182,000 P182,500 P191,300 Over P262,000
Transcribed Image Text:1. A manufacturer of toilet flush valves wants to have P15,000,000 available 10 years from now so that a new product line can be initiated. If the company plans to deposit money each quarter from now, how much will it have to deposit each year if money is worth 7% compounded quarterly in order to have it available immediately at the end of 10 years? (a) (b) (c) (d) Less than P182,000 P182,500 P191,300 Over P262,000
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