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1. Assume you have just been hired with an annual salary of P300,000. If you expect annual raises of 5%, what will your salary be for the following? a. 5 years? b. 10 years? c. 15 years? d. 30 years? 2. A farmland is currently selling for P200,000 per hectare. If the rate of increase has been 2% annually, what was the price of the land 10 years

1. Assume you have just been hired with an annual salary of P300,000. If you expect annual raises of 5%, what will your salary be for the following? a. 5 years? b. 10 years? c. 15 years? d. 30 years? 2. A farmland is currently selling for P200,000 per hectare. If the rate of increase has been 2% annually, what was the price of the land 10 years

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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8:41 ← Activity 3 BF.pdf ACTIVITY NO.3 Purpose: Determine the time value of money. Procedure: Use the information to answer the questions that follow. Use the following equations: FV = PV(1 + i)N or PV = FV x (1 + i)-N 1. 1. Assume you have just been hired with an annual salary of P300,000. If you expect annual raises of 5%, what will your salary be for the following? a. 5 years? b. 10 years? = llll 50% c. 15 years? d. 30 years? 2. A farmland is currently selling for P200,000 per hectare. If the rate of increase has been 2% annually, what ago? was the price of the land 10 years ||| O :
Transcribed Image Text:8:41 ← Activity 3 BF.pdf ACTIVITY NO.3 Purpose: Determine the time value of money. Procedure: Use the information to answer the questions that follow. Use the following equations: FV = PV(1 + i)N or PV = FV x (1 + i)-N 1. 1. Assume you have just been hired with an annual salary of P300,000. If you expect annual raises of 5%, what will your salary be for the following? a. 5 years? b. 10 years? = llll 50% c. 15 years? d. 30 years? 2. A farmland is currently selling for P200,000 per hectare. If the rate of increase has been 2% annually, what ago? was the price of the land 10 years ||| O :
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