If P5, 000.00 shall accumulate for 10 years at 8% compounded quarterly. Find the compounded interest at the end of 10 years.   a.P6, 640.20 b.P6, 040.20 c.P6, 570.20 d.P5, 040.20

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Chapter1: Making Economics Decisions
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If P5, 000.00 shall accumulate for 10 years at 8% compounded quarterly. Find the compounded interest at the end of 10 years.


 

a.P6, 640.20
b.P6, 040.20
c.P6, 570.20
d.P5, 040.20
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