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A man inherited a regular endowment of P10,000 every month for 10 years. How much is the lump sum at the end of 20 years if the cost of money is 14% compounded semiannually?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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