Engineering, 27.10.2020 03:10 gabrielfuentesnegron
A mother wants to make annual deposits for 12 years in order to prepare withdrawals of PhP15,000.00 each year for four years. The said withdrawals will start at the end of the 16th year. If money can earn a simple interest of 8% per annum, how much shall be the expected money she needs to earn at the beginning of the 16th year?
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A mother wants to make annual deposits for 12 years in order to prepare withdrawals of PhP15,000.00...
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