How much money would you have to deposit for 20 consecutive periods starting 1 year from now if you want to be able to withdraw P250k ten years from now at i = 12% compounded quarterly. a. P6529.029 b. P5629.029 c. P5692.029 d. P6629.029

How much money would you have to deposit for 20 consecutive periods starting 1 year from now if you want to be able to withdraw P250k ten years from now at i = 12% compounded quarterly. a. P6529.029 b. P5629.029 c. P5692.029 d. P6629.029

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

How much money would you have to deposit for 20 consecutive periods starting 1 year from now if you want to be able to withdraw P250k ten years from now at i = 12% compounded quarterly.

a. P6529.029

b. P5629.029

c. P5692.029

d. P6629.029

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