Find the interest if P50,000 is invested at 7% compounded monthly for 5 years and 6 months. O A. P19,491.20 B. P23,398.60 O C. P11,839.20 D. P23, 236.44

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 22PROB
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Find the interest if P50,000 is invested at 7% compounded monthly for 5 years and 6
months.
O A. P19,491.20
B. P23,398.60
O C. P11,839.20
D. P23, 236.44
Transcribed Image Text:Find the interest if P50,000 is invested at 7% compounded monthly for 5 years and 6 months. O A. P19,491.20 B. P23,398.60 O C. P11,839.20 D. P23, 236.44
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