4. You plan to deposit P2, 500 in the bank now and another P2, 500 after 2 years. After four years from your last deposit, you plan to withdraw P6, 500, what will be the amount of money left in the bank after two years of your withdrawal? Effective annual interest rate is 9%.

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
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4. You plan to deposit P2, 500 in the bank now and another P2, 500 after 2 years. After four
years from your last deposit, you plan to withdraw P6, 500, what will be the amount of money
left in the bank after two years of your withdrawal? Effective annual interest rate is 9%.
Transcribed Image Text:4. You plan to deposit P2, 500 in the bank now and another P2, 500 after 2 years. After four years from your last deposit, you plan to withdraw P6, 500, what will be the amount of money left in the bank after two years of your withdrawal? Effective annual interest rate is 9%.
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