AC entered into an investment fund four years ago. The investment fund has an interest rate of 3% compounded quarterly. AC deposited Php 50,000 but she withdrew Php 20,000 two years after. The investment fund agency informed her today that she can still get her originally deposited amount five years from now as long as she will deposit a certain amount into the fund today. Determine the amount that she needs to deposit if the new rate of interest in the next 5 years is 4.5 compounded semiannually

AC entered into an investment fund four years ago. The investment fund has an interest rate of 3% compounded quarterly. AC deposited Php 50,000 but she withdrew Php 20,000 two years after. The investment fund agency informed her today that she can still get her originally deposited amount five years from now as long as she will deposit a certain amount into the fund today. Determine the amount that she needs to deposit if the new rate of interest in the next 5 years is 4.5 compounded semiannually

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter19: Capital Investment

Section: Chapter Questions

Problem 8E

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