3) An indIVidual makes 6 annual deposits of P2,000 in a savinge account 4% compounded annually. Two years ofter making the that pays interest last deposit, the interect rate changes to 7% compounded annually. Ten years a frer the last deposit, rhe acumulated rate of money is withd nawn from the account How much is withdrawn? F=P24, 653. 31202

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
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Find the present with of a if n=6
A= PI5, 000
30০,000
3) An individtual makes 6 annual deposits of P2,000 in a savınge account that pays interest
4% compounded annually. Two years ofter making the
changes to 7% compounded annually. Ten years a frer the lact deposit, rhe acuumulated
wi thd rawn from the
rate of
last depocit, the interect
rate
money
IS
account
How much is withdrawn ?
F=P24, 653. 31202
4
10
13.
12
13
14
16
i= 7%
A = 2,000
i= 4%
A ( F/A, 4% , G) ( F/p, 4%, 2) (F/p, 7%, 8)
(1+ 4%)6-
FIG
2,000
1 + 4%
4%
24, G 53. 31 28 2
FIG
= F 24, G53. 3128 2
it
19
Transcribed Image Text:A= PI5, 000 30০,000 3) An individtual makes 6 annual deposits of P2,000 in a savınge account that pays interest 4% compounded annually. Two years ofter making the changes to 7% compounded annually. Ten years a frer the lact deposit, rhe acuumulated wi thd rawn from the rate of last depocit, the interect rate money IS account How much is withdrawn ? F=P24, 653. 31202 4 10 13. 12 13 14 16 i= 7% A = 2,000 i= 4% A ( F/A, 4% , G) ( F/p, 4%, 2) (F/p, 7%, 8) (1+ 4%)6- FIG 2,000 1 + 4% 4% 24, G 53. 31 28 2 FIG = F 24, G53. 3128 2 it 19
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