An Agency will invest Php100,000.00 in a fund at the end of each 6 months to accumulate Php10,000,000.00 to initiate a plant overhaul. If the fund is invested at 5% compounded semi- annually, for how many years will the fund contain at least Php10,000,000.00? O a. 27.37 years O b. 21.37 years O c. 35.37 years O d. 25.37 years

An Agency will invest Php100,000.00 in a fund at the end of each 6 months to accumulate Php10,000,000.00 to initiate a plant overhaul. If the fund is invested at 5% compounded semi- annually, for how many years will the fund contain at least Php10,000,000.00? O a. 27.37 years O b. 21.37 years O c. 35.37 years O d. 25.37 years

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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