A man invested P100,000 at an interest rate of 10% compounded annually. What will be the final amount of his investment, in terms of today’s peso, after 5 years, if inflation remains the same at the rate of 8% per year?
A man invested P100,000 at an interest rate of 10% compounded annually. What will be the final amount of his investment, in terms of today’s peso, after 5 years, if inflation remains the same at the rate of 8% per year?
