Find the amount at the end of 5 years and 4 months if P8,000 is invested at 93% compounded quarterly, using simple interest for anytime less than a year interest period.

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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Find the amount at the end of 5 years and 4 months if P8,000 is invested at 93% compounded quarterly, using simple interest for anytime less than a year interest period.

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