Ten years ago, you deposited P5400 per month. You made the deposit for 6 years and then stopped 4 years later, you established a belts and nuts factory, and start withdrawing P2.300 every month for advertisement. Money is worth 6% compounded monthly. How many months can you withdraw before the money is exhausted? What is the present worth of the withdrawal?(please give the real real not the copied one)

Ten years ago, you deposited P5400 per month. You made the deposit for 6 years and then stopped 4 years later, you established a belts and nuts factory, and start withdrawing P2.300 every month for advertisement. Money is worth 6% compounded monthly. How many months can you withdraw before the money is exhausted? What is the present worth of the withdrawal?(please give the real real not the copied one)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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