Draw cashflow and box the final answer A man deposited in his bank account an amount of P550,000. He has an annual allowance expense of P9500 and book costs of P3000 every 3 years. He was an irregular at engineering and at the end of year 6, the he broke an equipment in the laboratory and was repaired at a rebuild cost of 22,000. How much will be left at his account at year 9, at if money rate is 8% compounded annually?

Draw cashflow and box the final answer A man deposited in his bank account an amount of P550,000. He has an annual allowance expense of P9500 and book costs of P3000 every 3 years. He was an irregular at engineering and at the end of year 6, the he broke an equipment in the laboratory and was repaired at a rebuild cost of 22,000. How much will be left at his account at year 9, at if money rate is 8% compounded annually?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 4MC: Refer to the present value table information on the previous page. What amount should Brett have in...

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