Give the Given, solution and cash flow diagram. Reybien plans ahead for his 10-year-old daughter, Alia. Determine the monthly savings that Reybien should make with the interest of 5.41% per annum to amount P120,000 at the time Alia will be 18. Show your Cash flow diagram.

Give the Given, solution and cash flow diagram. Reybien plans ahead for his 10-year-old daughter, Alia. Determine the monthly savings that Reybien should make with the interest of 5.41% per annum to amount P120,000 at the time Alia will be 18. Show your Cash flow diagram.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 4MC: Refer to the present value table information on the previous page. What amount should Brett have in...

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Question

Give the Given, solution and cash flow
diagram.
Reybien plans ahead for his 10-year-old
daughter, Alia. Determine the monthly savings
that Reybien should make with the interest
of 5.41% per annum to amount P120,000 at
the time Alia will be 18. Show your Cash flow
diagram.
A. P2,013.64
B. P1,234.56
C. P1,007.22
D. P1,457.70

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