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Dave deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.14 per annum. What is the equivalent uniform deposit for the uniform gradient only?

Dave deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.14 per annum. What is the equivalent uniform deposit for the uniform gradient only?

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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Question 5 Dave deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.14 per annum. What is the equivalent uniform deposit for the uniform gradient only? Note: Interest is already shown in decimal form. Do not round in between solution and no need to put UOM. Final answer round to the nearest WHOLE NUMBER. Add your answer
Transcribed Image Text:Question 5 Dave deposited P4,000, P4,500 and P5,000 at the end of the 2nd year, 3rd year and 4th year, respectively in a savings account which earned 0.14 per annum. What is the equivalent uniform deposit for the uniform gradient only? Note: Interest is already shown in decimal form. Do not round in between solution and no need to put UOM. Final answer round to the nearest WHOLE NUMBER. Add your answer
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