The car of your dreams costs P 2000000 tod utomatic pure

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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6. The car of your dreams costs P 2000000 today You have found a way to earn 15N tax free on an
automatic purchase account. If you expect the cost of your dream car to increase by 10% per year,
how much would you need to deposit in the automatic purchase account to provide for the purchase
of the car S years from now?
AP 1601416
6. P 2497789
CP 4022714
D.P 994353
Transcribed Image Text:6. The car of your dreams costs P 2000000 today You have found a way to earn 15N tax free on an automatic purchase account. If you expect the cost of your dream car to increase by 10% per year, how much would you need to deposit in the automatic purchase account to provide for the purchase of the car S years from now? AP 1601416 6. P 2497789 CP 4022714 D.P 994353
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