What should you invest to earn 20 000 in 3 years gaining 4% effective interest?  a. Php 215 614.19 b. Php 112 578.42 c. Php 160 174.27 d. Php 311 064.35

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
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What should you invest to earn 20 000 in 3 years gaining 4% effective interest? 
a. Php 215 614.19
b. Php 112 578.42
c. Php 160 174.27
d. Php 311 064.35
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