How much should Nina set aside and invest in a fund earning 9% compounded quarterly if she wants to accumulate P200.000 in 3 years and 3 months? a. P158,900.50 b. P149,763.81 c. P125.784.56 d. P140.781.78
How much should Nina set aside and invest in a fund earning 9% compounded quarterly if she wants to accumulate P200.000 in 3 years and 3 months? a. P158,900.50 b. P149,763.81 c. P125.784.56 d. P140.781.78
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter27: Time Value Of Money (compound)
Section: Chapter Questions
Problem 10E
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![How much should Nina set aside and invest in a fund earning 9% compounded
quarterly if she wants to accumulate P200.000 in 3 years and 3 months?
a. P158,900.50
b. P149.763.81
c. P125.784.56
d. P140.781.78](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8418a9fc-1ac7-4db2-87e9-72e65e68ee36%2F4c51e426-36d5-4e12-83de-025627ba8f48%2F0topoy_processed.jpeg&w=3840&q=75)
Transcribed Image Text:How much should Nina set aside and invest in a fund earning 9% compounded
quarterly if she wants to accumulate P200.000 in 3 years and 3 months?
a. P158,900.50
b. P149.763.81
c. P125.784.56
d. P140.781.78
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