Engr. Marquez wants to get from her bank account P29,120.84, 12 years from now. How much should she invests for three consecutive years (annually) starting this year if the interest rate is 0.23? *Use 4 decimal places

Engr. Marquez wants to get from her bank account P29,120.84, 12 years from now. How much should she invests for three consecutive years (annually) starting this year if the interest rate is 0.23? *Use 4 decimal places

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Engr. Marquez wants to get from her bank account P29,120.84, 12 years from now.
How much should she invests for three consecutive years (annually) starting this year if
the interest rate is 0.23?
"Use 4 decimal places

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