To save up for your dream business, you committed to deposit P2,000, starting today, every month in a deposit account that earns 6% compounded monthly. The monthly payments will be made in a span of 5 years. What will be the amount available to you in 5 years
To save up for your dream business, you committed to deposit P2,000, starting today, every month in a deposit account that earns 6% compounded monthly. The monthly payments will be made in a span of 5 years. What will be the amount available to you in 5 years
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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To save up for your dream business, you committed to deposit P2,000, starting today, every month in a deposit account that earns 6% compounded monthly. The monthly payments will be made in a span of 5 years.
What will be the amount available to you in 5 years?
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