13. If you need P350,000 for a down payment on a house in 3 years, how much money must you invest today at 8% interest, compounded quarterly, to achieve your goal? a. P275,972.61 b. P277,841.28 c. P44,388.46 d. P128,694.27
13. If you need P350,000 for a down payment on a house in 3 years, how much money must you invest today at 8% interest, compounded quarterly, to achieve your goal? a. P275,972.61 b. P277,841.28 c. P44,388.46 d. P128,694.27
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 8PROB
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13. If you need P350,000 for a down payment on a house in 3 years, how much money must you invest today at 8% interest, compounded quarterly, to achieve your goal?
a. P275,972.61
b. P277,841.28
c. P44,388.46
d. P128,694.27
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