An electrical engineer wants to deposit an amount now such that he can withdraw an equal annual
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Question:
An electrical engineer wants to deposit an amount now such that he can withdraw an equal annual amount of Php 100,000 per year for the next five years, starting 1 year after the deposit.
How much is the amount to deposit if the interest rate is 8.5% compounded annually
Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
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