Question: Using DEFERRED ANNUITY, solve it thru handwriting with complete solution. 8. A man deposits P8,750 a month at a bank which pays interest at 9%,

Using DEFERRED ANNUITY, solve it thru handwriting with complete solution. 8.

Using DEFERRED ANNUITY, solve it thru handwriting with complete solution.

8. A man deposits P8,750 a month at a bank which pays interest at 9%, compounded monthly, for 5 years. He starts to withdraw this fund 5 years later at P10,000 a month. How long will his investment last

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