If P12900 is invested for 5 years in a bank that pays 3% compounded semi annually, what sum will the investorreceive after 5 years?A P13226.15B P14954.64c) P11127.65D) P12581.89

FV=future value r=interest rate n=period PV=present value

Answered: If P12900 is invested for 5 years in a…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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If P12900 is invested for 5 years in a bank that pays 3% compounded semi annually, what sum will the investor receive after 5 years? A P13226.15 B P14954.64 c) P11127.65 D) P12581.89