For how many years must an investment of Php63,000 provide a continuous flow of funds at the rate of Php16,000 per year so that nominal rate of 10% continuously compounded, will be earned? b) 4 yrs c) 6 yrs a) e) not here 5 yrs d) 3 yrs

Cornerstones of Cost Management (Cornerstones Series)
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Author:Don R. Hansen, Maryanne M. Mowen
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Chapter19: Capital Investment
Section: Chapter Questions
Problem 23E: Assume that an investment of 100,000 produces a net cash flow of 60,000 per year for two years. The...
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For how many years must an investment of Php63,000 provide a continuous flow of funds at the rate of Php16,000 per year so that nominal rate of 10% continuously compounded, will be earned?

For how many years must an investment of Php63,000 provide a continuous flow of funds at the rate of Php16,000 per
year so that nominal rate of 10% continuously compounded, will be earned?
d) 3 yrs
a) 5 yrs
b) 4 yrs
c) 6 yrs
e) not here
Transcribed Image Text:For how many years must an investment of Php63,000 provide a continuous flow of funds at the rate of Php16,000 per year so that nominal rate of 10% continuously compounded, will be earned? d) 3 yrs a) 5 yrs b) 4 yrs c) 6 yrs e) not here
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