Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 22PROB
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enter exact answers please
you may use excel
![Question 4
At what nominal rate compounded semi-annually
will PhP5,000 amount to PhP6,000 in 2 years?
A) 9.54%
B) 9.33%
C) 4.66%
D) 4.77%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Febf7d435-b952-4fea-bb66-91587ba75956%2F0beee78f-8927-47ed-b06d-e13793bc0bef%2Fx4eflxr_processed.png&w=3840&q=75)
Transcribed Image Text:Question 4
At what nominal rate compounded semi-annually
will PhP5,000 amount to PhP6,000 in 2 years?
A) 9.54%
B) 9.33%
C) 4.66%
D) 4.77%
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