A rich man deposits money at a bank with 18.00% interest compounded annually 20 years ago. After that, he uses this money as his retirement fund, receiving 50,000.00 pesos monthly 50 times at the start of each month. Find the total amount of money he got from the fund. OWN WORK PLEASE FOR UPVOTE

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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A rich man deposits money at a bank with 18.00% interest compounded annually 20 years ago. After that, he uses this money as his retirement fund, receiving 50,000.00 pesos monthly 50 times at the start of each month. Find the total amount of money he got from the fund.

OWN WORK PLEASE FOR UPVOTE

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