An obligation of Php 27,300 is due onFeb. 28, 2017. what is the value of thisobligation on November 28, 2014 at12% compounded semiannually?

Obligation Amount is Php 27,300 Obligation Due Date is Feb-28,2017 Interest Rate (r) is 12%…

Answered: An obligation of Php 27,300 is due on…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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An obligation of Php 27,300 is due on Feb. 28, 2017. what is the value of this obligation on November 28, 2014 at 12% compounded semiannually?