20.Mrs. Pineda is paying a P 3, 060 atthe end of each 6 months as thepremium on an endowment policywhich will pay her P 20,000 at theend of 5 years. How much would shehave if she deposits each payment ina savings account paying 3%compounded semi-annually? ( showyour solution, submit to classwork) *

The future value include the interest and the amount of deposit done each period.

Answered: 20.Mrs. Pineda is paying a P 3, 060 he…

20.Mrs. Pineda is paying a P 3, 060 he end of each 6 months as the premium on an endowment policy vhich will pay her P 20,000 at the end of 5 years. How much would s

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

20.Mrs. Pineda is paying a P 3, 060 at
the end of each 6 months as the
premium on an endowment policy
which will pay her P 20,000 at the
end of 5 years. How much would she
have if she deposits each payment in
a savings account paying 3%
compounded semi-annually? ( show
your solution, submit to classwork) *

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