solve both the MCQs question with proper reason and explanation I'll give you many upvotes A student needs P4000 per year for 4 years to attend college. Her fatherinvested P5000 in a 7% account for her education when she was born. Ifthe student withdraws P4000 at the end of her 17th, 18th, 19th and 20thyears, how much money will be left in the account at the end of her 21styear?P1,880P1,700P1,500O P1,690How much money be invested today in order to withdraw P1500 peryear at the end of each year for 8 years at an interest rate of 8%?P8,620P8,260P8,206P8,602

The present value is the cumulative value of all cash flows discounted while keeping in mind a…

Answered: A student needs P4000 per year for 4…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 33P

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Similar questions

Refer to the present value table information on the previous page. What amount should Brett have in his bank account today, before withdrawal, if he needs 2,000 each year for 4 years, with the first withdrawal to be made today and each subsequent withdrawal at 1-year intervals? (Brett is to have exactly a zero balance in his bank account after the fourth withdrawal.) a. 2,000 + (2,000 0.926) + (2,000 0. 857) + (2,000 0.794) b. 2,0000.7354 c. (2,000 0.926) + (2,000 0.857) + (2,000 0.794) + (2,000 0.735) d. 2,0000.9264
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