How much will I invest in a fund that will amount P1 500 000 in 12 years if money is worth 5% compounded quarterly? (A) P826 284.73 B P272 303. 23 P272 304.00 D P1 427 286.41
How much will I invest in a fund that will amount P1 500 000 in 12 years if money is worth 5% compounded quarterly? (A) P826 284.73 B P272 303. 23 P272 304.00 D P1 427 286.41
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![How much will I invest in a fund that will amount P1 500 000 in 12 years if money is worth 5% compounded quarterly?
A P826 284.73
B P272 303. 23
P272 304.00
D P1 427 286.41](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feb64abf7-44d0-4629-a742-d4e1b4613bec%2Ff6d5990d-d159-4bac-a62e-12a754bb1df4%2F9bsbc5_processed.png&w=3840&q=75)
Transcribed Image Text:How much will I invest in a fund that will amount P1 500 000 in 12 years if money is worth 5% compounded quarterly?
A P826 284.73
B P272 303. 23
P272 304.00
D P1 427 286.41
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