Answered: How much money would you need to…

How much money would you need to deposit today at 5.5% annual interest compounded monthly to have P512,000 in the account after 6 years? A. P175,785.58 B. P143,633.42 C. P268,366.58 D. P368,366.58

Structural Analysis

6th Edition

ISBN:9781337630931

Author:KASSIMALI, Aslam.

Publisher:KASSIMALI, Aslam.

Chapter2: Loads On Structures

Section: Chapter Questions

Problem 1P

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Concept explainers

British Gravitational Bg System Of Units

Measuring is the comparison of a particular physical quantity with its reference value. A unit is a fixed physical quantity. The length is a physical quantity. A physical quantity is the product of a unit and the numerical value we need to compare with. 

Question

How much money would you need to deposit today at
5.5% annual interest compounded monthly
to have P512,000 in the account after 6 years?
A. P175,785.58
B. P143,633.42
C. P268,366.58
D. P368,366.58

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