An investor puts P200 in a money market account TODAY that returns 3% with monthly compounding. The investor plans to keep his money in the account for 2 years. What is the future value of his investment when he closes the account two years from today? a. P212.18 b. P201.00 c. P212.35 d. P406.56
An investor puts P200 in a money market account TODAY that returns 3% with monthly compounding. The investor plans to keep his money in the account for 2 years. What is the future value of his investment when he closes the account two years from today? a. P212.18 b. P201.00 c. P212.35 d. P406.56
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...
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An investor puts P200 in a money market account TODAY that returns 3% with monthly compounding. The investor plans to keep his money in the account for 2 years. What is the future value of his investment when he closes the account two years from today?
a. P212.18
b. P201.00
c. P212.35
d. P406.56
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