Question 8 How much should be invested in a fund each year paying 2% coumpounded annually to accumulate PhP100,000 in 5 years?

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
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Question 8
How much should be invested in a fund each year
paying 2% coumpounded annually to accumulate
PhP100,000 in 5 years?
Note: Input the amount only, with comma and
rounded to two decimals. Do not input the peso sign.
(Example: 16,435.50)
Add your answer
Transcribed Image Text:Question 8 How much should be invested in a fund each year paying 2% coumpounded annually to accumulate PhP100,000 in 5 years? Note: Input the amount only, with comma and rounded to two decimals. Do not input the peso sign. (Example: 16,435.50) Add your answer
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