3. CG has two sons namely Caden and Alex. CG gave his two sons P50,000 each as an advance Christmas gift. If Caden invested his money at7.5% compounded quarterly for 2 years, while Alex invested his money at 7.5% compounded monthly for 2 years. Whom do you think has bigger investment now? Justify your answer.
3. CG has two sons namely Caden and Alex. CG gave his two sons P50,000 each as an advance Christmas gift. If Caden invested his money at7.5% compounded quarterly for 2 years, while Alex invested his money at 7.5% compounded monthly for 2 years. Whom do you think has bigger investment now? Justify your answer.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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