Student E saves his allowance worth of P 25,000 and promised to use it only when it reaches the amount of P 45,000. How many years does Student E needs to wait when his money is invested at 8% compounded quarterly?
Student E saves his allowance worth of P 25,000 and promised to use it only when it reaches the amount of P 45,000. How many years does Student E needs to wait when his money is invested at 8% compounded quarterly?
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 23P
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Student E saves his allowance worth of P 25,000 and promised to use it only when it reaches the amount of P 45,000. How many years does Student E needs to wait when his money is invested at 8% compounded quarterly?
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