Answer to Question #306091 in Math for Pearl

Question

A woman will need an amount of P2,000 to go on vacations with her husband at

the end of each year for 10 years. For this purpose she wants to invest some

money in a saving bank but does not know the exact amount of money to invest.

Require: What amount does she require to invest now to receive an income of

P2,000 at the end of each year for 10 years if:

a) the interest rate is 15%

b) the interest rate