If interest is compounded at 20% per year, how long will it take for P50,000 to accumulate to P86,400? Оа. 2 уrs O b. 4 yrs Ос. 1 уг O d. 3 yrs
If interest is compounded at 20% per year, how long will it take for P50,000 to accumulate to P86,400? Оа. 2 уrs O b. 4 yrs Ос. 1 уг O d. 3 yrs
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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![If interest is compounded at 20% per year, how long will it take for P50,000 to accumulate to
P86,400?
Оа. 2 уrs
O b. 4 yrs
О с. 1 yr
O d. 3 yrs](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ffc05d75f-3ffc-447c-b399-8101b3ad1786%2F147c606f-a66b-421c-b852-0b6eeeae2aac%2Fmb9qgue_processed.png&w=3840&q=75)
Transcribed Image Text:If interest is compounded at 20% per year, how long will it take for P50,000 to accumulate to
P86,400?
Оа. 2 уrs
O b. 4 yrs
О с. 1 yr
O d. 3 yrs
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