Jeanelle is planning to borrow money amounting to ₱ 250,000.00 Limbon Rural Bank is offering 1.25% compounded semi – annually, while Buli Cooperative Bank offers 1% compounded monthly. 11.How much will be the maturity value after 5 years if he borrows from Limbon Rural Bank? a. ₱ 266,071.86 b. ₱ 207,660.68 c. ₱ 367,071.88 d. ₱ 376,716. 66
Jeanelle is planning to borrow money amounting to ₱ 250,000.00 Limbon Rural Bank is offering 1.25% compounded semi – annually, while Buli Cooperative Bank offers 1% compounded monthly. 11.How much will be the maturity value after 5 years if he borrows from Limbon Rural Bank? a. ₱ 266,071.86 b. ₱ 207,660.68 c. ₱ 367,071.88 d. ₱ 376,716. 66
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 34P
Related questions
Question
Jeanelle is planning to borrow money amounting to ₱ 250,000.00 Limbon
Rural Bank is offering 1.25% compounded semi – annually, while Buli
Cooperative Bank offers 1% compounded monthly.
11.How much will be the maturity value after 5 years if he borrows from
Limbon Rural Bank?
a. ₱ 266,071.86
b. ₱ 207,660.68
c. ₱ 367,071.88
d. ₱ 376,716. 66
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