Dr. Pepito Perigrino wishes to have Php150,000.00 when he retires 15 years from now. If he can expect to receive 6% annual interest, how much should she set aside in each of 20 equal annual beginning-of-year deposits? O a. P3,487.00 O b. P3,874.00 O c. P3,784.00 O d. P3,847.00

Dr. Pepito Perigrino wishes to have Php150,000.00 when he retires 15 years from now. If he can expect to receive 6% annual interest, how much should she set aside in each of 20 equal annual beginning-of-year deposits? O a. P3,487.00 O b. P3,874.00 O c. P3,784.00 O d. P3,847.00

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Dr. Pepito Perigrino wishes to have Php150,000.00 when he retires 15 years from now. If he can
expect to receive 6% annual interest, how much should she set aside in each of 20 equal annual
beginning-of-year
deposits?
O a. P3,487.00
O b.
P3,874.00
O c. P3,784.00
O d. P3,847.00

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