How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest per annum, compounded semi-annually? A P41,232.38 B P48,467.43 P41,186.89 P645,937.15
How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest per annum, compounded semi-annually? A P41,232.38 B P48,467.43 P41,186.89 P645,937.15
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
Problem 1ST
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![How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest per annum,
compounded semi-annually?
(A) P41,232.38
B P48,467.43
P41,186.89
D) P645,937.15](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feb64abf7-44d0-4629-a742-d4e1b4613bec%2F866188cc-fe3a-40d3-802e-f6222892961f%2Fxnjaohd_processed.png&w=3840&q=75)
Transcribed Image Text:How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest per annum,
compounded semi-annually?
(A) P41,232.38
B P48,467.43
P41,186.89
D) P645,937.15
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