1. At a certain interest rate compounded semi-annually, P5,000 will amount to P20,000 after 10 years. What is the amount at the end of 15 years? 2. What is the future amount of P10,000 if interest is computed using exact simple interest for the period from January 15 to November 28, 1994, if the rate of interest is 22%.

1. At a certain interest rate compounded semi-annually, P5,000 will amount to P20,000 after 10 years. What is the amount at the end of 15 years? 2. What is the future amount of P10,000 if interest is computed using exact simple interest for the period from January 15 to November 28, 1994, if the rate of interest is 22%.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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