A man inherited a regular endowment of P10,000 every month for 10 years. How much is the lump sum at the end of 20 years if the cost of money is 14% compounded semiannually? (A) P9,791,859 B) P653,944 P2530,480 P4,560,351

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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A man inherited a regular endowment of P10,000 every month for 10 years. How much is the lump sum at the end of
20 years if the cost of money is 14% compounded semiannually?
(A) P9,791,859
B) P653,944
P2530,480
P4,560,351
Transcribed Image Text:A man inherited a regular endowment of P10,000 every month for 10 years. How much is the lump sum at the end of 20 years if the cost of money is 14% compounded semiannually? (A) P9,791,859 B) P653,944 P2530,480 P4,560,351
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