3. At a certain interest rate compounded semiannually, P5000 will amount to P20000 after 10 years. What is the amount at the end of 15 years?

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Chapter1: Financial Statements And Business Decisions
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Note: Please sketch the cash-flow diagram.
3. At a certain interest rate compounded semiannually, P5000 will amount
to P20000 after 10 years. What is the amount at the end of 15 years?
Transcribed Image Text:3. At a certain interest rate compounded semiannually, P5000 will amount to P20000 after 10 years. What is the amount at the end of 15 years?
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