return of 12% per ar

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 2P
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What would be the value of P1,000,000 3 years from now if it would be invested
at a return of 12% per annum? *
Transcribed Image Text:What would be the value of P1,000,000 3 years from now if it would be invested at a return of 12% per annum? *
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