Answered: If P8,000 shall accumulate for 10 years…

Engineering

Civil Engineering

If P8,000 shall accumulate for 10 years at 12% compounded quarterly. Find the compound interest at the end of 10 years.

Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)

5th Edition

ISBN:9781305084766

Author:Saeed Moaveni

Publisher:Saeed Moaveni

Chapter20: Engineering Economics

Section: Chapter Questions

Problem 46P

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Solve for each problems. Show your solution legible and neatly. Write the question, the given(also what is the given?), what to find and a cash flow diagram. Answers should be in 2 decimal places, unless stated otherwise. Solution should be hand-written. Question can be hand-written or type-written. Answer should be in 2 decimal places.

If P8,000 shall accumulate for 10 years at 12% compounded quarterly. Find the compound interest at the end of 10 years.

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