3. Tatsumi invested Php 10,000 now for the college education of his three-year old son. If the fund earns 14% effective, how much will the sun get each year starting from 19th to 22nd birthday?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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3. Tatsumi invested Php 10,000 now for
the college education of his three-year old
son. If the fund earns 14% effective, how
much will the sun get each year starting
from 19th to 22nd birthday?
Transcribed Image Text:3. Tatsumi invested Php 10,000 now for the college education of his three-year old son. If the fund earns 14% effective, how much will the sun get each year starting from 19th to 22nd birthday?
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