1. A man deposited P25,000 in a bank with interest at 8% compounded monthly for 3 years, After 3 years, he added P12,000 at 6% compounded quarterly for 5 years with, If an inflation rate during the last 5 years is 2.5% per year, what will be his money's worth in B years from now in today's pesos.
1. A man deposited P25,000 in a bank with interest at 8% compounded monthly for 3 years, After 3 years, he added P12,000 at 6% compounded quarterly for 5 years with, If an inflation rate during the last 5 years is 2.5% per year, what will be his money's worth in B years from now in today's pesos.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![1. A man deposited P25,000 in a bank with interest at 8% compounded monthly for 3
years, After 3 years, he added P12,000 at 6% compounded quarterly for 5 years with, If
an inflation rate during the last 5 years is 2.5% per year, what will be his money's worth
in 8 years from now in today's pesos.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fbc52739f-632f-461b-bc24-b4b393764733%2F7aab5130-9ea0-4683-a7b4-7b91ce422dd8%2Fpp3jk33_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1. A man deposited P25,000 in a bank with interest at 8% compounded monthly for 3
years, After 3 years, he added P12,000 at 6% compounded quarterly for 5 years with, If
an inflation rate during the last 5 years is 2.5% per year, what will be his money's worth
in 8 years from now in today's pesos.
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