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A factory installed a machine it is expected that there is no maintenance expenses until at the end of 11 years when P200.00 will be spent at the end of each successive year until it become scrap at the age of 25 years. What sum of money set aside at his time at 4% interest will take care of all maintenance expenses for the boiler? O a. P3,124.42 O b. P3,142.42 O c. P3,214.42 O d. P3,412.42

A factory installed a machine it is expected that there is no maintenance expenses until at the end of 11 years when P200.00 will be spent at the end of each successive year until it become scrap at the age of 25 years. What sum of money set aside at his time at 4% interest will take care of all maintenance expenses for the boiler? O a. P3,124.42 O b. P3,142.42 O c. P3,214.42 O d. P3,412.42

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
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A factory installed a machine it is expected that there is no maintenance expenses until at the end of 11 years when P200.00 will be spent at the end of each successive year until it become scrap at the age of 25 years. What sum of money set aside at his time at 4% interest will take care of all maintenance expenses for the boiler? O a. P3,124.42 O b. P3,142.42 O c. P3,214.42 O d. P3,412.42
Transcribed Image Text:A factory installed a machine it is expected that there is no maintenance expenses until at the end of 11 years when P200.00 will be spent at the end of each successive year until it become scrap at the age of 25 years. What sum of money set aside at his time at 4% interest will take care of all maintenance expenses for the boiler? O a. P3,124.42 O b. P3,142.42 O c. P3,214.42 O d. P3,412.42
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