How much was initially invested if the value of the investment is at P200,000 after 3 and a half years and the investment grows by 12.5% compounded quarterly? *

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 23P
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How much was initially invested if the value of the investment is at P200,000
after 3 and a half years and the investment grows by 12.5% compounded
quarterly?
Transcribed Image Text:How much was initially invested if the value of the investment is at P200,000 after 3 and a half years and the investment grows by 12.5% compounded quarterly?
An item will need replacing in 6 years from now at a cost of P128,000.00. How
much should the owner save at the beginning of each 3 months in order to
replace the old item, if his savings earn interest at 10% compounded quarterly?
Transcribed Image Text:An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner save at the beginning of each 3 months in order to replace the old item, if his savings earn interest at 10% compounded quarterly?
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