Food Corporation of dalican wants money to construct a new granary. If the granary will cost ₱2,000,000 to the company, how much should it set aside each quarter for 5 years if the rate of interest is 10% per year? Using the formula A =F[i/((1+i)n-1)]
Food Corporation of dalican wants money to construct a new granary. If the granary will cost ₱2,000,000 to the company, how much should it set aside each quarter for 5 years if the rate of interest is 10% per year? Using the formula A =F[i/((1+i)n-1)]
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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Food Corporation of dalican wants money to construct a new granary. If the granary will cost ₱2,000,000 to the company, how much should it set aside each quarter for 5 years if the rate of interest is 10% per year?
Using the formula A =F[i/((1+i)n-1)]
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