A man inherited a regular endowment of P100,000 every end of 3 months for 10 year. How much is this lump sum at the end of 10 years if the cost of money is 14% compounded quarterly? A) P1,511,433.22 B) P141,059.88 P 8,455.027.78 D P345,789.22

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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A man inherited a regular endowment of P100,000 every end of 3 months for 10 year. How much is this lump sum at the end of 10
years if the cost of money is 14% compounded quarterly?
A
P1,511,433.22
В
P141,059.88
P 8,455.027.78
D
P345,789.22
Transcribed Image Text:A man inherited a regular endowment of P100,000 every end of 3 months for 10 year. How much is this lump sum at the end of 10 years if the cost of money is 14% compounded quarterly? A P1,511,433.22 В P141,059.88 P 8,455.027.78 D P345,789.22
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