Miss Shirly wants to deposit P18.000 semi annually in a fund that pays 5% compounded semi- annually. How much would be in the fund after 10 years? O a. 459,803.84 O b. 226,402.07 O C.495,803.84 O d. 280,604.92

Miss Shirly wants to deposit P18.000 semi annually in a fund that pays 5% compounded semi- annually. How much would be in the fund after 10 years? O a. 459,803.84 O b. 226,402.07 O C.495,803.84 O d. 280,604.92

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 10RE: If 90,000 is invested in a fund on December 31, 2019, and 5 equal annual withdrawals of 23,138.32...

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Question

Solve the problem on an annuity with a solution.

Miss Shirly wants to deposit P18.000 semi annually in a fund that pays 5%
compounded semi- annually. How much would be in the fund after 10
years?
a. 459,803.84
O b. 226,402.07
O C.495,803.84
O d. 280,604.92

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