ANSWER THE FF SHOW YOUR COMPLETE SOLUTION: A young man, 22 years old, graduatedfrom college and got his first job. Hewants to have a retirement fund so hedecided to deposit P2,000.00 at the endof each year in a fund at 15% annualinterest. He is planning to retire whenhis fund has an accumulated value ofP1,000,000, how old is he by then?O 53 years oldO 63 years old75 years old31 years old A wealthy man donated a certainamount of money in a bank at a rate of12% compounded annually to be able topay the following scholarship awards;P4,000 per year for the first 5 years;P6,000 per year on the next five yearsand P9,000 per year on the yearsthereafter. Find the amount of moneydeposited by the man.O P14,419.10OP12,272.68O P50,839.78O P75,000

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A young man, 22 years old, graduated from college and got his first job. He wants to have a retirement fund so he decided to deposit P2,000.00 at the end of each year in a fund at 15% annual interest. He is planning to retire when his fund has an accumulated value of P1,000,000, how old is he by then?

A young man, 22 years old, graduated from college and got his first job. He wants to have a retirement fund so he decided to deposit P2,000.00 at the end of each year in a fund at 15% annual interest. He is planning to retire when his fund has an accumulated value of P1,000,000, how old is he by then?

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

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