A businessman invested to a medium scale business with a net annual return of P 50,000 each year for 5 years. Compute the amount of invested money if the annual interest is 7% and the benefit-ratio is 1.20.     a. P12,148.00 b. P12,841.00 c. P12,418.00 d. P11,418.00

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 18E
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A businessman invested to a medium scale business with a net annual return of P 50,000 each year for 5 years. Compute the amount of invested money if the annual interest is 7% and the benefit-ratio is 1.20.

 


 

a.

P12,148.00

b.

P12,841.00

c.

P12,418.00

d.

P11,418.00

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