Question: number 4, need answer in less than 5 mins. Question 4 2 Points Thomas received 50,000 php from his parents during his 33rd birthday. He
number 4, need answer in less than 5 mins.
Question 4 2 Points Thomas received 50,000 php from his parents during his 33rd birthday. He invested his money in a scheme wherein he will receive 10 equal payments at the end of every year starting 30 years from now, with an interest rate of 3% compounded annually. How much is the regular pay-out Thomas will receive annually from this investment? A 10,500.00 php B 12,586.15 php D 14,361.53 php 13,813.07 php
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
