Copy of Find the amount at the end of 3 years and 10 months if P3,000 is invested at 89% compounded quarterly, using simple interest for anytime less than a year interest period Express your answer in 2 decimal places.
Copy of Find the amount at the end of 3 years and 10 months if P3,000 is invested at 89% compounded quarterly, using simple interest for anytime less than a year interest period Express your answer in 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 17E
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Find the amount at the end of 3 years and 10 months if P3,000 is invested at 89% compounded quarterly, using simple interest for anytime less than a year interest period.
Express your answer in 2 decimal places.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fceb3c880-bb26-4a13-853c-fd863460579e%2F665c46a9-b4ef-4341-ab31-0bfc70c6a5d0%2Fv6zdbbf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question 41
Сopy of
Find the amount at the end of 3 years and 10 months if P3,000 is invested at 89% compounded quarterly, using simple interest for anytime less than a year interest period.
Express your answer in 2 decimal places.
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