12. How long in years will it take the money to triple its amount when deposited at the rate of 12% compounded monthly. 9.8 10 8.7 9.2

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
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Chapter1: Making Economics Decisions
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42 and 12
12. How long in years will it take the money
to triple its amount when deposited at the
rate of 12% compounded monthly.
9.8
10
8.7
9.2
Transcribed Image Text:12. How long in years will it take the money to triple its amount when deposited at the rate of 12% compounded monthly. 9.8 10 8.7 9.2
42. Determine the accumulated amount of
P10,000.00 being paid at the start of
each month worth 12% compounded
monthly for the period of 5 years.
875,650.95
896,696.90
824,863,67
Transcribed Image Text:42. Determine the accumulated amount of P10,000.00 being paid at the start of each month worth 12% compounded monthly for the period of 5 years. 875,650.95 896,696.90 824,863,67
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