Mrs. Santos deposits P5,500 at the end of every six months in a savings account for her daughter's education. The account has an 8% interest compounded semi-annually. How much will she have in her account at the end of 10 years and 6 months? P74,147.93 P74,174.93 P74,714.93 P74,174.39
Mrs. Santos deposits P5,500 at the end of every six months in a savings account for her daughter's education. The account has an 8% interest compounded semi-annually. How much will she have in her account at the end of 10 years and 6 months? P74,147.93 P74,174.93 P74,714.93 P74,174.39
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 1PROB
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Mrs. Santos deposits P5,500 at the end of every six months in a savings account for her daughter's education. The account has an 8% interest compounded semi-annually. How much will she have in her account at the end of 10 years and 6 months?
-
P74,147.93
-
P74,174.93
-
P74,714.93
-
P74,174.39
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