Mr Alberto expects to have P1 615 200 in his fund at the end of 12...
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Mr Alberto expects to have P1 615 200 in his fund at the end of 12 years. How much will he invest if the interest rate is 6.25%? 12. How much will a mother receive from her pension plan after paying P900 every month for 20 years at 2 1/8% compounded monthly? Mr Alberto expects to have P1 615 200 in his fund at the end of 12 years. How much will he invest if the interest rate is 6.25%? 12. How much will a mother receive from her pension plan after paying P900 every month for 20 years at 2 1/8% compounded monthly?
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To calculate the amount Mr Alberto needs to invest in his fund we can use the future value formula f... View the full answer
Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
Posted Date:
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