There is an available investment giving 7% per annum. I promised my nephew that he will receive

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There is an available investment giving 7% per annum. I promised my nephew that he will receive Php 5,000 in the 1st year, Php 10,000 in the 3rd year, and Php 15,000 in the 5th year.

How much money should I invest now to provide the amount for my nephew?

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: Jun 06, 2023 06:57 AM

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There is an available investment giving 7% per annum. I promised my nephew that he will receive

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Income Tax Fundamentals 2013

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