5. What principal (present value) invested for 3 years at 10% compoun total future value of P4,000? How much is the compound interest? a) Periods per year b) Periodic Rate c) Number of periods d) Present Value Factor (based on table) e) Present Value f) Discount Interest
5. What principal (present value) invested for 3 years at 10% compoun total future value of P4,000? How much is the compound interest? a) Periods per year b) Periodic Rate c) Number of periods d) Present Value Factor (based on table) e) Present Value f) Discount Interest
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 5PROB
Related questions
Question
Transcribed Image Text:5. What principal (present value) invested for 3 years at 10% compounded semi-annually will result in a
total future value of P4,000? How much is the compound interest?
a) Periods per year
b) Periodic Rate
c) Number of periods
d) Present Value Factor (based on table)
e) Present Value
f) Discount Interest
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning