a Find the amount at the end of 2 years and 8 months if P6,000 is invested at 78% compounded quarterly, using simple interest for anytime less than a year interest period. bFind the amount at the end of 4 years and 10 months if P1,000 is invested at 96% compounded quarterly, using simple interest for anytime less than a year interest period.

a Find the amount at the end of 2 years and 8 months if P6,000 is invested at 78% compounded quarterly, using simple interest for anytime less than a year interest period. bFind the amount at the end of 4 years and 10 months if P1,000 is invested at 96% compounded quarterly, using simple interest for anytime less than a year interest period.

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 1QTD

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