Answered: What's the future value of P1,200 after…

What's the future value of P1,200 after 5 years if the appropriate interest rate is 6%, compounded monthly? * 1,537.69 O 1,618.62 O 1,699.55 1,784.53 O 1,873.76

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter1: Understanding Personal Finance

Section1.4: Perform Time Value Of Money Calculations

Problem 3CC

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Question

What's the future value of P1,200 after 5 years if the appropriate interest rate is
6%, compounded monthly? *
1,537.69
1,618.62
1,699.55
O 1,784.53
O 1,873.76

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