Suppose you plan to buy the Blacklist Company by investing Php 5,000 every year to an investment fund paying 8%, compounded annually. How much will you have after 8 years?

EBK CFIN
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ISBN:9781337671743
Author:BESLEY
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Chapter4: Time Value Of Money
Section: Chapter Questions
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Time Value of Money
3. Suppose you plan to buy the Blacklist Company by investing Php 5,000
every year to an investment fund paying 8%, compounded annually. How
much will you have after 8 years?
Transcribed Image Text:3. Suppose you plan to buy the Blacklist Company by investing Php 5,000 every year to an investment fund paying 8%, compounded annually. How much will you have after 8 years?
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