If P 10,000 is deposited each year for 9 years, how much annuity can a person get annually from the bank every year for 9 years starting one year after the 9th deposit is made. Cost of money is 14%. O P 33,541 O P 35,125 P 34,675 O P 32,519

If P 10,000 is deposited each year for 9 years, how much annuity can a person get annually from the bank every year for 9 years starting one year after the 9th deposit is made. Cost of money is 14%. O P 33,541 O P 35,125 P 34,675 O P 32,519

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 48P

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Question

If P 10,000 is deposited each year for 9 years, how much annuity can a person
get annually from the bank every year for 9 years starting one year after the 9th
deposit is made. Cost of money is 14%.
P 33,541
P 35,125
P 34,675
P 32,519

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