Answer to Question #323874 in Finance for topeng

Question

The present value of ₱ 1,000 to be received at the end of 8 years is ₱ 800. (a) What is the accumulated value of ₱ 800 at the end of 10 years? (b) If the interest rate adjusted to inflation is 7.97%, what is the inflation rate in this problem?

Answer 1

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