A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018 at 14% converted semi-annually? A P15,257.90 B P33,500.39 © P 28, 600.21 D P36,548,19
A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018 at 14% converted semi-annually? A P15,257.90 B P33,500.39 © P 28, 600.21 D P36,548,19
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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![A debt of P20, 000 is due on December 1, 2020.
What was the value of this debt on December 1,
2018 at 14% converted semi-annually?
A P15,257.90
B P33,500.39
C P 28, 600.21
D P36,548,19](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa22b99a1-c66d-487e-8c44-dfeb2a7065cf%2F4bd4493c-9fc1-41d7-9cec-38361b3dbcd1%2Fgu0j75x_processed.png&w=3840&q=75)
Transcribed Image Text:A debt of P20, 000 is due on December 1, 2020.
What was the value of this debt on December 1,
2018 at 14% converted semi-annually?
A P15,257.90
B P33,500.39
C P 28, 600.21
D P36,548,19
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