SUBJECT: ENGINEERING ECONOMICS Please show the complete solution. The final answer is already provided. Thomas deposited 300,000Php now, so that his 3 year old daughter will receive 6 equal amounts of...

SUBJECT: ENGINEERING ECONOMICS

Please show the complete solution. The final answer is already provided.

Thomas deposited 300,000Php now, so that his 3 year old daughter will receive 6 equal amounts of money yearly, starting on her 18th birthday. If money earns 20% compounded annually. How much the girl received yearly?

Answer: A = P1,158,244.98