Four years ago, Zaldy Nevarez invested P23 900compounded bimonthly at 12%. How much is his moneynow?A. P38 578.00B. P38 578.01C. P38 578.02D. P38 578.03BO AODFind the interest earned at the end of 4 years if P36 700 isinvested at 12% compounded bimonthly.A. P22 309.04B. P22 429.04C. P22 539.04D. P22 359.04O A

1) The present value of the money is the future value of the money invested 4 years ago. So we can…

Four years ago, Zaldy Nevarez invested P23 900 compounded bimonthly at 12%. How much is his money now? A. P38 578.00 B. P38 578.01 C. P38 578.02 D. P38 578.03 O B O A D Find the interest earned at the end of 4 years if P36 700 is invested at 12% compounded bimonthly. A. P22 309.04 B. P22 429.04 C. P22 539.04 D. P22 359.04 O D O A

Four years ago, Zaldy Nevarez invested P23 900 compounded bimonthly at 12%. How much is his money now? A. P38 578.00 B. P38 578.01 C. P38 578.02 D. P38 578.03 O B O A D Find the interest earned at the end of 4 years if P36 700 is invested at 12% compounded bimonthly. A. P22 309.04 B. P22 429.04 C. P22 539.04 D. P22 359.04 O D O A

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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