At what effective rate compounded semi-anually will Php5,000 amount to Php 6,000 in 2 years? Round off your answer into 2 decimal places.
At what effective rate compounded semi-anually will Php5,000 amount to Php 6,000 in 2 years? Round off your answer into 2 decimal places.
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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At what effective rate compounded semi-anually will Php5,000 amount to Php 6,000 in 2 years? Round off your answer into 2 decimal places.
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