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%
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%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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%2F664c882b-b3a1-4d5b-a69b-1a07546b937a%2Fjph2eth_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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