Josie invested P15,000 in

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 34P
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Josie invested P15,000 in
savings bonds. If the bonds
earn 6.75%
interest compounded semi-
annually, how much money
will Josie have in 15 years?
A. P25,602.89
B. P50,602.89
C. P52,706.86
D. P40,602.89
Transcribed Image Text:Josie invested P15,000 in savings bonds. If the bonds earn 6.75% interest compounded semi- annually, how much money will Josie have in 15 years? A. P25,602.89 B. P50,602.89 C. P52,706.86 D. P40,602.89
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