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A person deposits P10,000 each year for 9 years. He then withdraws annually from the bank P5,000 for 8 years starting 1 year after the 9th deposit is made. Note: Make a cashflow diagram.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A person deposits P10,000 each year for 9 years. He then withdraws annually from the bank P5,000
for 8 years starting 1 year after the 9th deposit is made.

Note: Make a cashflow diagram.

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