The present value is P 16,300.00, and the interest rate is 9% compounded monthly for 6 years. What is the maturity value? Php 27,914.96 Php 27,194.96 Php 27,149.96

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter2: The Domestic And International Financial Marketplace
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The present value is P 16,300.00, and the interest rate is 9% compounded monthly for 6 years. What is the maturity value?

  1. Php 27,914.96

  2. Php 27,194.96

  3. Php 27,149.96

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