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Gyutaro wishes his sister to receive P600,000.00 twelve years from now. What amount should he invest now if it will earn interest of 12% compounded annually during the first 5 years, 15% compound quarterly during the next 5 years P159,311.01 O P175,771.31 P163,041.83 O P171,698.76

Gyutaro wishes his sister to receive P600,000.00 twelve years from now. What amount should he invest now if it will earn interest of 12% compounded annually during the first 5 years, 15% compound quarterly during the next 5 years P159,311.01 O P175,771.31 P163,041.83 O P171,698.76

EBK CFIN
EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 18PROB
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Gyutaro wishes his sister to receive P600,000.00 twelve years from now. What amount should he invest now if it will earn interest of 12% compounded annually during the first 5 years, 15% compound quarterly during the next 5 years P159,311.01 P175,771.31 P163,041.83 P171,698.76
Transcribed Image Text:Gyutaro wishes his sister to receive P600,000.00 twelve years from now. What amount should he invest now if it will earn interest of 12% compounded annually during the first 5 years, 15% compound quarterly during the next 5 years P159,311.01 P175,771.31 P163,041.83 P171,698.76
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