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    2022 50000 1.2597 62,985.00 2023 60,000 1.1664 69,984.00 2024 75,000 1.0800 81,000.00 2025 100,000 1 100,000.00 Total Future Value After 4 Years

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    zeref dragneel
    Mr. Don Donay plans to retire in 2025 and start his own business. He deposited money each year from 2022 to 2025, with the amounts increasing each year. The deposits earned 8% annual interest. To calculate his total business capital, the deposits were multiplied by the future value factors to account for compound interest over the years. The total business capital available to Mr. Donay upon retirement in 2025 is P313,969.

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    2022 50000 1.2597 62,985.00 2023 60,000 1.1664 69,984.00 2024 75,000 1.0800 81,000.00 2025 100,000 1 100,000.00 Total Future Value After 4 Years

    Uploaded by

    zeref dragneel
    6 views1 page
    Mr. Don Donay plans to retire in 2025 and start his own business. He deposited money each year from 2022 to 2025, with the amounts increasing each year. The deposits earned 8% annual interest. To calculate his total business capital, the deposits were multiplied by the future value factors to account for compound interest over the years. The total business capital available to Mr. Donay upon retirement in 2025 is P313,969.

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    Mr. Don Donay plans to retire in 2025 and start his own business. He deposited money each year from 2022 to 2025, with the amounts increasing each year. The deposits earned 8% annual interest. To calculate his total business capital, the deposits were multiplied by the future value factors to account for compound interest over the years. The total business capital available to Mr. Donay upon retirement in 2025 is P313,969.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    6 views1 page

    2022 50000 1.2597 62,985.00 2023 60,000 1.1664 69,984.00 2024 75,000 1.0800 81,000.00 2025 100,000 1 100,000.00 Total Future Value After 4 Years

    Uploaded by

    zeref dragneel
    Mr. Don Donay plans to retire in 2025 and start his own business. He deposited money each year from 2022 to 2025, with the amounts increasing each year. The deposits earned 8% annual interest. To calculate his total business capital, the deposits were multiplied by the future value factors to account for compound interest over the years. The total business capital available to Mr. Donay upon retirement in 2025 is P313,969.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    of 1

    1, Mr.

    Don Donay plans to retire from teaching at the end of 2025 and starts a business of his
    own. He decided to deposit starting 2022 for P50,000, 2023 for P60,000, 2024 for P75,000 and
    2025 P100,000. The deposit happens every end of the year and earns an interest of 8% p.a.
    interest. How much is his total business capital when he retires?

    2022 = 50000 * 1.2597 62,985.00


    2023 = 60,000* 1.1664 69,984.00
    2024 = 75,000 * 1.0800 81,000.00
    2025 = 100,000 * 1 100,000.00
    Total future value after 4 years P313,969.00

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