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.
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Chapter1: Investments: Background And Issues
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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
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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