a. Determine the equal payment series coumpound amount factor after 8 years b. Determine the total amount of the investment after 8 years. c. How long (in years) will it take for the investment to amount P59, 865. 00?

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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9. An investment of P2, 500 is made at the end of each
year with interest of 2. 5% compounded annualy.
a. Determine the equal payment series coumpound amount
factor after 8 years
b. Determine the total amount of the investment after 8
years.
c. How long (in years) will it take for the investment
to amount P59, 865. 00?
Transcribed Image Text:9. An investment of P2, 500 is made at the end of each year with interest of 2. 5% compounded annualy. a. Determine the equal payment series coumpound amount factor after 8 years b. Determine the total amount of the investment after 8 years. c. How long (in years) will it take for the investment to amount P59, 865. 00?
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