Determine the future worth of P5000 at exact simple interest rate of 11% from January 12, to Oct. 5, 2016 (267 days). (leap year=366 days). O 5401 O 5623 O 6511 O 5299
Determine the future worth of P5000 at exact simple interest rate of 11% from January 12, to Oct. 5, 2016 (267 days). (leap year=366 days). O 5401 O 5623 O 6511 O 5299
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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![Determine the future worth of P5000 at exact simple interest rate of 11% from January
12, to Oct. 5, 2016 (267 days). (leap year=366 days).
O 5401
O 5623
6511
O 5299](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F489b24dc-75c0-4bff-befd-1092ab9a3715%2F91445739-db83-44d1-b6e5-68f18e13b1c9%2Fz48efa_processed.png&w=3840&q=75)
Transcribed Image Text:Determine the future worth of P5000 at exact simple interest rate of 11% from January
12, to Oct. 5, 2016 (267 days). (leap year=366 days).
O 5401
O 5623
6511
O 5299
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