You make monthly deposits of P100 into an annuity and after 30 years wish to accumulate P160,000. What annual rate compounded monthly will be required to do this? (with cash flow diagram)
You make monthly deposits of P100 into an annuity and after 30 years wish to accumulate P160,000. What annual rate compounded monthly will be required to do this? (with cash flow diagram)
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 14EB: How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one...
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You make monthly deposits of P100 into an annuity and after 30 years wish to accumulate P160,000. What annual rate compounded monthly will be required to do this? (with cash flow diagram)
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