Mr. Velasquez invests P 2,500 at the end of each 6 months to a funPaying 8 % % compounded semiannually. How much is the funda) just after the 12th deposit; b) just before the 12th deposit;c) just before the 15th deposit.

Semiannual deposit (S) = P 2500 r = 8.75% per annum = 4.375% semiannually

Answered: Mr. Velasquez invests P 2,500 at the…

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 10PROB

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Mr. Velasquez invests P 2,500 at the end of each 6 months to a fun Paying 8 % % compounded semiannually. How much is the fund a) just after the 12th deposit; b) just before the 12th deposit; c) just before the 15th deposit.