XYZ plans to construct an additional building at the end of 10 years for an estimated cost of P5,000,000.00. To accumula
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XYZ plans to construct an additional building at the end of 10 years for an estimated cost of P5,000,000.00. To accumula
XYZ plans to construct an additional building at the end of 10years for an estimated cost of P5,000,000.00. To accumulate thisamount, it will make equal year-end deposits in a fund earning 13%.However, at the end of the 5th year, it was decided to have alarger building than originally intended to an estimated cost ofP8,000,000.00 What should be the annual deposit for the last fiveyears? Please provide CASH FLOW diagram.