Imagine that you are a professional personal financial planner. One of your clients asks you the following two questions. Use the time value of money techniques to develop appropriate responses to each question. a. I need to save P3,700,000 over the next 15 years to fund my retirement. If I make equal annual interest, how large must this deposit be? b. I want to save P20,000 per month in the MP2 program of Pag-ibig Fund. Wow much will be the maturity value if the it will 5% annual interest

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
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Imagine that you are a professional personal
financial planner. One of your clients asks you
the following two questions. Use the time
value of money techniques to develop
appropriate responses to each question. a. I
need to save P3,700,000 over the next 15
years to fund my retirement. If I make equal
annual interest, how large must this deposit
be? b. I want to save P20,000 per month in
the MP2 program of Pag-ibig Fund. Wow
much will be the maturity value if the it will
5% annual interest
Transcribed Image Text:Imagine that you are a professional personal financial planner. One of your clients asks you the following two questions. Use the time value of money techniques to develop appropriate responses to each question. a. I need to save P3,700,000 over the next 15 years to fund my retirement. If I make equal annual interest, how large must this deposit be? b. I want to save P20,000 per month in the MP2 program of Pag-ibig Fund. Wow much will be the maturity value if the it will 5% annual interest
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