You dont have javascript enabled! Please enable it! Solution: If the inflation rate of 6.5% per year continues for this period

Solution: If the inflation rate of 6.5% per year continues for this period

Solution: If the inflation rate of 6.5% per year continues for this period

Problem Statement: CHAPTER 2 Interest and Money-Time Relationship

Solved Supplementary Problem 2.11

A man deposits P50,000 in a bank account at 6% compounded monthly for 5 years. If the inflation rate of 6.5% per year continues for this period, will this effectively protect the purchasing power of the original principal?

Problem Answer:

No, it will not effectively protect the purchasing power of the original principal. The future amount will be P49,225.00.

View Solution:

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