32. A student plan to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 3 years after his last deposit for the purpose of buying shoes, what will...

32. A student plan to deposit P1,500 in the<br>bank now and another P3,000 for the next 2<br>years. If he plans to withdraw P5,000 3 years<br>after his last deposit for the purpose of buying<br>shoes, what will be the amount of money left in<br>the bank after one year of his withdrawal?<br>Effective annual interest rate is 10%.<br>

Extracted text: 32. A student plan to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 3 years after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10%.

Jun 02, 2022

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32. A student plan to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 3 years after his last deposit for the purpose of buying shoes, what will...

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