Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Question

A man takes a series of 10 annual deposits starting at PhP 2000 at the end of the first year and increasing the amount of deposit by 10% every year thereafter. Find the total amount of the deposits at the end of 10 years. If the rate of interest is 12% per year. Show the cashflow diagram.

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