What equal deposits should be placed in a fund at the beginning of each year for 12 years in order to have Php 20 000 in the fund at the end of 12 years, if the money accumulates 5 % a. Php 1 197 b. Php 2 149.05 c. Php 2 461.08 d. Php 1766

What equal deposits should be placed in a fund at the beginning of each year for 12 years in order to have Php 20 000 in the fund at the end of 12 years, if the money accumulates 5 % a. Php 1 197 b. Php 2 149.05 c. Php 2 461.08 d. Php 1766

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

Section: Chapter Questions

Problem 1PS

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Question

What equal deposits should be placed in a fund at the beginning of each year for 12 years in order to have Php 20 000 in the fund at the end of 12 years, if the money accumulates 5 %

a. Php 1 197

b. Php 2 149.05

c. Php 2 461.08

d. Php 1766

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