Answered: At a certain interest rate compounded…

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

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 7P

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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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