2.If you invest P25,000 at 8% interest compounded annually, approximately how much money will be inthe account at the end of 10 years? 1. Fifteen years ago P1,000 was deposited in a bank account, and today it is worth P2,370. The bankpays interest semi-annually. What was the nominal annual interest rate paid on this account?

The future value of a cash flow is the future worth of a cash flow at a certain rate of interest and…

Answered: 2. If you invest P25,000 at 8% interest…

2. If you invest P25,000 at 8% interest compounded annually, approximately how much money will be in the account at the end of 10 years?

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 3STP

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2.
If you invest P25,000 at 8% interest compounded annually, approximately how much money will be in
the account at the end of 10 years?

1. Fifteen years ago P1,000 was deposited in a bank account, and today it is worth P2,370. The bank
pays interest semi-annually. What was the nominal annual interest rate paid on this account?

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