Determine the accumulated value, after five years, of an investment worth ₱12,300.00 if the interest is: a. Simple interest at 6.5% per annum; b. 8.5% compounded annually; c. 8% compounded semi-annually;

Determine the accumulated value, after five years, of an investment worth ₱12,300.00 if the interest is: a. Simple interest at 6.5% per annum; b. 8.5% compounded annually; c. 8% compounded semi-annually;

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 18E

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Question

Determine the accumulated value, after five years, of an investment worth ₱12,300.00 if the interest is:

a. Simple interest at 6.5% per annum;

b. 8.5% compounded annually;

c. 8% compounded semi-annually;

d. 7.5% compounded quarterly;

e. 7% compounded monthly;

f. 6% compounded daily;

g. 5% compounded continuously.

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