At a certain interest rate compounded semiannually, ₱5,000 will amount to ₱20,000 after 10 years. What is the amount at the end of 15 years?
At a certain interest rate compounded semiannually, ₱5,000 will amount to ₱20,000 after 10 years. What is the amount at the end of 15 years?
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 15PROB
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At a certain interest rate compounded semiannually, ₱5,000 will amount to ₱20,000 after 10 years. What is the amount at the end of 15 years?
Ans: ₱40,029.72
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