Investment in Sunrise Company is P100,000 at the end of 5 years plus P24,000 annually for 4 years afterwards. Investment in XYZ company offers P50,000 semi-annually plus P15,000 every 6 months after 6 years. Assume that the money is worth 9% compounded annually, which investment is preferable?
Investment in Sunrise Company is P100,000 at the end of 5 years plus P24,000 annually for 4 years afterwards. Investment in XYZ company offers P50,000 semi-annually plus P15,000 every 6 months after 6 years. Assume that the money is worth 9% compounded annually, which investment is preferable?
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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Investment in Sunrise Company is P100,000 at the end of 5 years plus P24,000 annually for 4 years afterwards. Investment in XYZ company offers P50,000 semi-annually plus P15,000 every 6 months after 6 years. Assume that the money is worth 9% compounded annually, which investment is preferable?
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