A Toyota car made in Japan by Toyota Motors costs P2M today. If you buy now you can earn 12% tax free on an auto purchase account. If the cost of the car will increase by 10% per year, how much amount...


A Toyota car made in Japan by Toyota Motors costs P2M today. If you buy now you can earn 12% tax free on an auto purchase account. If the cost of the car will increase by 10% per year, how much amount that you would need to deposit in the account to provide to the purchase of the car five years from now?



please also draw the cash flow the diagram and do not use the table method



Jun 10, 2022
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