What amount of money be deposited now at 4% interest will provide berpetual payment of P 2,000 which will start 20 years from now? Select one:

Managerial Economics: A Problem Solving Approach
5th Edition
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
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What amount of money be deposited now at 4% interest will provide
perpetual payment of P 2,000 which will start 20 years from now?
Select one:
a. P 20,721
O b. P 22,819
c. P 23,865
O d.P 24,542
Transcribed Image Text:What amount of money be deposited now at 4% interest will provide perpetual payment of P 2,000 which will start 20 years from now? Select one: a. P 20,721 O b. P 22,819 c. P 23,865 O d.P 24,542
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