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Solution: How much must you invest today in order to withdraw P2,000 annually for 10 years?

(Last Updated On: December 8, 2017)

How much must you invest today in order to withdraw P2,000 annually for 10 years?

Problem Statement: ECE Board April 1998

How much must you invest today in order to withdraw P2,000 annually for 10 years if the interest rate is 9%?

  • A. P12,835.32
  • B. P12,992.22
  • C. P12,562.09
  • D. P12,004.59

Problem Answer:

You must invest P12,835.32 today in order to withdraw P2,000 annually for 10 years .

Solution:

Solution: How much must you invest today in order to withdraw P2,000 annually for 10 years?

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