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How much should I invest today and expect a reimbursement every other month with a rate of 8.0% compounded bi-monthly for 4 years? I expect to receive every other month an amount of P3,333.00

How much should I invest today and expect a reimbursement every other month with a rate of 8.0% compounded bi-monthly for 4 years? I expect to receive every other month an amount of P3,333.00

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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2. How much should I invest today and expect a reimbursement every other month with a rate of 8.0% compounded bi-monthly for 4 years? I expect to receive every other month an amount of P3,333.00
Transcribed Image Text:2. How much should I invest today and expect a reimbursement every other month with a rate of 8.0% compounded bi-monthly for 4 years? I expect to receive every other month an amount of P3,333.00
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