Alfred is a bachelor with a stable job. He is thinking of his future plans and one of his goal is to have an investment of ₱1,000,000 after five years. The amount to be invested will earn an interest of 12% compounded quarterly. Determine the amount to be invested by Alfred at 12% interest compounded quarterly

Alfred is a bachelor with a stable job. He is thinking of his future plans and one of his goal is to have an investment of ₱1,000,000 after five years. The amount to be invested will earn an interest of 12% compounded quarterly. Determine the amount to be invested by Alfred at 12% interest compounded quarterly

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 6PROB

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