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An annual deposit of P1,270is placed on the fund at the end of each year for 6 years. If the fund has a rate of 5% compounded annually.now much is the worth of this fund at the end of 9 years? Select one: O a.P11000 Ob.P9,000 Oc.P12,000, OdP10,000

An annual deposit of P1,270is placed on the fund at the end of each year for 6 years. If the fund has a rate of 5% compounded annually.now much is the worth of this fund at the end of 9 years? Select one: O a.P11000 Ob.P9,000 Oc.P12,000, OdP10,000

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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An annual deposit of P1270 as placed on the fund at the end of each year for 6 vears. If the fund has a tate of 5% compounded annualy how much is the worth of this fund at the end of 9 years? Select one. Oa.P11000 Oo.P12000, OaP10,000
Transcribed Image Text:An annual deposit of P1270 as placed on the fund at the end of each year for 6 vears. If the fund has a tate of 5% compounded annualy how much is the worth of this fund at the end of 9 years? Select one. Oa.P11000 Oo.P12000, OaP10,000
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