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At what rate compounded quarterly will Php15,000 accumulate to Php18,000 in 5 years? 6.09% 3.66% 3.65% 6.07%

At what rate compounded quarterly will Php15,000 accumulate to Php18,000 in 5 years? 6.09% 3.66% 3.65% 6.07%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question 6 At what rate compounded quarterly will Php15,000 accumulate to Php18,000 in 5 years? O 6.09% 3.66% 3.65% 6.07%
Transcribed Image Text:Question 6 At what rate compounded quarterly will Php15,000 accumulate to Php18,000 in 5 years? O 6.09% 3.66% 3.65% 6.07%
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