How much profit does joel make over the years
Problem
Joel invests P150,000.00 today to be paid in 8 years in one lump sum at 8% compounded annually. If inflation rate is 2.5% compounded annually, how much profit does Joel make over the years?
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Joel invests P150,000.00 today to be paid in 8 years in one lump sum at 8% compounded annually. How much profit does Joel make over the years?
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