An engineer invested P10,000 at an interest rate of 8% compounded annually. What will be the final amount of his investment, in terms of today's peso, after five years, if inflation remains the same at the same rate of 6% per year

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Jamesbond0072024idn Jamesbond0072024idn

20-07-2024
Engineering

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An engineer invested P10,000 at an interest rate of 8% compounded annually. What will be the final amount of his investment, in terms of today's peso, after five years, if inflation remains the same at the same rate of 6% per year

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