An investment of x pesos is made at the end of each year for three years, at an interest rate of 9% per year compounded annually. What will be the value of the investment upon the deposit of the third payment? 3.278x P3.728x 3.287x d 3.782x

An investment of x pesos is made at the end of each year for three years, at an interest rate of 9% per year compounded annually. What will be the value of the investment upon the deposit of the third payment? 3.278x P3.728x 3.287x d 3.782x

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

An investment of x pesos is made at the end of each year for three years,
at an interest rate of 9% per year compounded annually. What will be the
value of the investment upon the deposit of the third payment?
a
3.278x
P3.728x
b
3.287x
d
3.782x

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