1. If you invest P8,000 at 6.6% interest, compounding monthly, how much will you have in 3½ years? a. P10,072.50 b. P10,010.64 c. P29,848.00 d. P8,155.09
1. If you invest P8,000 at 6.6% interest, compounding monthly, how much will you have in 3½ years? a. P10,072.50 b. P10,010.64 c. P29,848.00 d. P8,155.09
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 9PROB
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1. If you invest P8,000 at 6.6% interest, compounding monthly, how much will you have in 3½ years?
a. P10,072.50
b. P10,010.64
c. P29,848.00
d. P8,155.09
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