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
Related questions
Question
3 engineering econimics
Transcribed Image Text:Annual deposits were made in a fund earning 10% per annum. The first
deposit was Php 20,000 and each deposit thereafter was 2,000 less than
the preceding one. Determine the amount in the fund after the sixth
deposit.
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