2. An engineer wants to have 2,500,000.00 PHP four years from now. What amount should he invest now if it will earn 10% compounded quarterly for the first two years and 15% compounded bi-monthly during the next two years?

Fundamentals Of Construction Estimating
4th Edition
ISBN:9781337399395
Author:Pratt, David J.
Publisher:Pratt, David J.
Chapter18: Life-cycle Costing
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2. An engineer wants to have 2,500,000.00 PHP four years from now. What amount should he invest
now if it will earn 10% compounded quarterly for the first two years and 15% compounded bi-monthly
during the next two years?
Transcribed Image Text:answer. 2. An engineer wants to have 2,500,000.00 PHP four years from now. What amount should he invest now if it will earn 10% compounded quarterly for the first two years and 15% compounded bi-monthly during the next two years?
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