A man opened an account Php 200,000 in the bank today at the rate of 3% per annum. After two years, he deposits another Php 400,000. Five years after his last deposit, he will withdraw Php 500,000....


A man opened an account Php 200,000 in the bank today at the rate of 3% per annum. After two years, he deposits another Php 400,000. Five years after his last deposit, he will withdraw Php 500,000. How much money does he have on his account 10 years after he opened the account? Show the cash flow diagram.



Jun 03, 2022
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