A young entrepreneur wants to have ₱500,000 3years from now to start his dream Computer Shop. He decided to invest his money in the stock market expecting that he will receive a winning interest rate of 10% each year. How much should he put annually on the market to achieve the amount he wants for his shop? Show solution and cashflow

A young entrepreneur wants to have ₱500,000 3years from now to start his dream Computer Shop. He decided to invest his money in the stock market expecting that he will receive a winning interest rate of 10% each year. How much should he put annually on the market to achieve the amount he wants for his shop? Show solution and cashflow

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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