now much must be invested?
Chapter2: Loads On Structures
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:A 21 year old inherits P100,000.00 from a distant relative who has deceased.
She decides to spend some and invest the rest immediately in order to retire
at 65 with a P1,000,000.00 savings account. At 8% interest compounded
annually, how much must be invested?
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