An electrical engineer wants to deposit an amount now such that he can withdraw an equal annual

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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 answer-question

Corporate Finance Core Principles And Applications

ISBN: 9781260571127

6th Edition

Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan

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Posted Date: May 29, 2023 06:03 AM

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An electrical engineer wants to deposit an amount now such that he can withdraw an equal annual

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Corporate Finance Core Principles And Applications

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