document.write( "Question 1168216: If Dr. Covey invests Php 2,400,000 from December 31, 2018 to January 1, 2021 at 8% interest per annum, will he be able to afford a Php 3,000,000 car thereafter? \n" ); document.write( "

Algebra.Com's Answer #851275 by ikleyn(52781) $\"\"$ $\"About$

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\n" ); document.write( "If Dr. Covey invests Php 2,400,000 from December 31, 2018 to January 1, 2021 at 8% interest per annum,
\n" ); document.write( "will he be able to afford a Php 3,000,000 car thereafter?
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document.write( "Calculate the future value of the one time 2,400,000 Php deposit in 2 (two) years at 8% interest per annum\r\n" );
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document.write( "    FV =  = Php 2,799,360,\r\n" );
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document.write( "and the answer \"No\" will be clear to you.\r\n" );
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