A bank offers a 12% interest to be compounded annually. How much should a teacher deposit now if he wants to receive Php. 15,000 at the end of each year for 5 years? Note: annuity is Php 15,000... a. Php 64072 b. Php 54071 c. Php 45070 d. Php 56072 a b C d

A bank offers a 12% interest to be compounded annually. How much should a teacher deposit now if he wants to receive Php. 15,000 at the end of each year for 5 years? Note: annuity is Php 15,000... a. Php 64072 b. Php 54071 c. Php 45070 d. Php 56072 a b C d

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...

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Question

A bank offers a 12% interest to be compounded annually. How much should a
teacher deposit now if he wants to receive Php. 15,000 at the end of each
year for 5 years?
Note: annuity is Php 15,000...
a. Php 64072
b. Php 54071
c. Php 45070
d. Php 56072
O a
ο ο οι
O b
C
d

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