Gradients It has been forecasted that airline ticket price will increase 8% every year for the next four years. The cost of the plane ticket of a specific airline is P2,000 from Manila to Cebu at the end of the first year. How much money should be placed in a saving accounts now for a student to be able to travel home at the end of each year for the next four years? Assume 5% annual interest. Construct equivalent cash flow diagram.
Gradients It has been forecasted that airline ticket price will increase 8% every year for the next four years. The cost of the plane ticket of a specific airline is P2,000 from Manila to Cebu at the end of the first year. How much money should be placed in a saving accounts now for a student to be able to travel home at the end of each year for the next four years? Assume 5% annual interest. Construct equivalent cash flow diagram.
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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Gradients
It has been
The cost of the plane ticket of a specific airline is P2,000 from Manila to Cebu at the end of the
first year. How much money should be placed in a saving accounts now for a student to be able
to travel home at the end of each year for the next four years? Assume 5% annual interest.
Construct equivalent cash flow diagram.
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