An investment of P50,000 is made at the beginning of each month for 5 years. How much will the investment be at the end of the term, if interest is 6% compounded monthly? A. P3,600,526.35 B. P3,552.839.24 C. P3,505,944.00 D. P3,649.020.00
An investment of P50,000 is made at the beginning of each month for 5 years. How much will the investment be at the end of the term, if interest is 6% compounded monthly? A. P3,600,526.35 B. P3,552.839.24 C. P3,505,944.00 D. P3,649.020.00
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter12: Capital Investment Decisions
Section: Chapter Questions
Problem 5MCQ: An investment of 1,000 produces a net cash inflow of 500 in the first year and 750 in the second...
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An investment of P50,000 is made at the beginning of each month for 5 years. How much will the investment be at the end of the term, if interest is 6% compounded monthly?
A. P3,600,526.35
B. P3,552.839.24
C. P3,505,944.00
D. P3,649.020.00
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