Engr. Aisa has a 15 year-term plan. He is planning to make a P 10,000 deposit 2 years from now, P 8,000 in 6 years and P15,000 in the 11th year. Money is worth 11% a. . Determine the Future Worth of her savings after 11 years. b. Determine the present worth of her savings.
Engr. Aisa has a 15 year-term plan. He is planning to make a P 10,000 deposit 2 years from now, P 8,000 in 6 years and P15,000 in the 11th year. Money is worth 11% a. . Determine the Future Worth of her savings after 11 years. b. Determine the present worth of her savings.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Engr. Aisa has a 15 year-term plan. He is planning to make a P 10,000 deposit 2 years from
now, P 8,000 in 6 years and P15,000 in the 11th year. Money is worth 11%
a. . Determine the Future Worth of her savings after 11 years.
b. Determine the present worth of her savings.
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