An engineer wishes to set up a special fund by making uniform semiannual end-of-period deposits for 20 years. The fund is to provide P25,000 at the end of each of the last five years of the 20-year period. The interest is 8% compounded semiannually. Note: Make a cashflow diagram.
An engineer wishes to set up a special fund by making uniform semiannual end-of-period deposits for 20 years. The fund is to provide P25,000 at the end of each of the last five years of the 20-year period. The interest is 8% compounded semiannually. Note: Make a cashflow diagram.
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
Problem 1PS
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An engineer wishes to set up a special fund by making uniform semiannual end-of-period deposits
for 20 years. The fund is to provide P25,000 at the end of each of the last five years of the 20-year
period. The interest is 8% compounded semiannually.
Note: Make a cashflow diagram.
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