If I invest P10,387 today and expect a reimbursement every 6 months with a rate of 11.54% compounded semi-annually for 3 years. How much will I expect to receive every June and December of every year.
If I invest P10,387 today and expect a reimbursement every 6 months with a rate of 11.54% compounded semi-annually for 3 years. How much will I expect to receive every June and December of every year.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:1. If I invest P10,387 today and
expect a reimbursement every 6
months with a rate of 11.54%
compounded
semi-annually for
3 years. How much will I expect
to receive every June and
December of every year.
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