An investment will have a future value equal to Php180,250 after 6 years. It has a nominal rate of 10.5% that is compounded quarterly. What is the present value of the investment? O Php85,702.10 O Php93,450.70 O Php96,783.02 O Php67,347.03
An investment will have a future value equal to Php180,250 after 6 years. It has a nominal rate of 10.5% that is compounded quarterly. What is the present value of the investment? O Php85,702.10 O Php93,450.70 O Php96,783.02 O Php67,347.03
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 27P
Related questions
Question
![An investment will have a future value equal to Php180,250 after 6 years. It has a nominal rate of
10.5% that is compounded quarterly. What is the present value of the investment?
O Php85,702.10
O Php93,450.70
O Php96,783.02
O Php67,347.03](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5998a153-ae56-4fc8-9e77-da4c78b3bd6d%2Fe71bb321-d5e3-450e-bbb9-910bee3d6d3b%2Fr9yf8t8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:An investment will have a future value equal to Php180,250 after 6 years. It has a nominal rate of
10.5% that is compounded quarterly. What is the present value of the investment?
O Php85,702.10
O Php93,450.70
O Php96,783.02
O Php67,347.03
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
![EBK CONTEMPORARY FINANCIAL MANAGEMENT](https://www.bartleby.com/isbn_cover_images/9781337514835/9781337514835_smallCoverImage.jpg)
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT
![EBK CONTEMPORARY FINANCIAL MANAGEMENT](https://www.bartleby.com/isbn_cover_images/9781337514835/9781337514835_smallCoverImage.jpg)
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:
9781337514835
Author:
MOYER
Publisher:
CENGAGE LEARNING - CONSIGNMENT