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invest today in order to withdraw ₱ 14,766 annually for6 years if the interest rate is 2.24% if payments are done every beginning of the month?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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How much money must you invest today in order to withdraw ₱ 14,766 annually for6 years if the interest rate is 2.24% if payments are done every beginning of the month?

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