Solution-How much would the imac cost at the end of the year

How much would the imac cost at the end of the year

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A student has been saving his ailowance and was able to save enough to buy a Matebook now that costs P40,000. However, when he heard about iMac. he decided to invest the P40,000 in a one-year Treasury bill that pays a ?% interest rate with the hope of buying the iMac at the end of the year. However. in?ation rate increased to 9% that year. How much would the imac cost at the end of the year?

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How much would the imac cost at the end of the year

Reference no: EM133071492

Reference no: EM133071492

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