Draw cashflow and box the final answer A man deposited in his bank account an amount of P550,000. He has an annual allowance expense of P9500 and book costs of P3000 every 3 years. He was an irregular...

Draw cashflow and box the final answer

A man deposited in his bank account an amount of P550,000.
He has an annual allowance expense of P9500 and book
costs of P3000 every 3 years. He was an irregular at
engineering and at the end of year 6, the he broke an
equipment in the laboratory and was repaired at a rebuild cost
of 22,000. How much will be left at his account at year 9, at if
money rate is 8% compounded annually?