Find the present value of an investment that will have a future value of Php350,000 if it is invested for 5 years at a nominal rate of 7.5% compounded twice a year. O Php345,870.52 O Php242,207.17 Php302,069.01 O Php289,687.25

Find the present value of an investment that will have a future value of Php350,000 if it is invested for 5 years at a nominal rate of 7.5% compounded twice a year. O Php345,870.52 O Php242,207.17 Php302,069.01 O Php289,687.25

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 2P

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Please answer this question correctly ASAP. Thank you.

Find the present value of an investment that will have a future value of Php350,000 if
it is invested for 5 years at a nominal rate of 7.5% compounded twice a year.
O Php345,870.52
O Php242,207.17
O Php302,069.01
O Php289,687.25

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