Answered: If P50,000.00 shall accumulate for 10…

If P50,000.00 shall accumulate for 10 years at 8% compounded quarterly. Find the compounded interest at the end of 10 years. O a. P60,420.00 O b P60,402.00 O c. P60,240.00 O d. P60,042.00

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter5: The Time Value Of Money

Section: Chapter Questions

Problem 7P

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Question

If P50,000.00 shall accumulate for 10 years at 8% compounded quarterly. Find the compounded interest at the end of
10 years.
O a. P60,420.00
O b. P60,402.00
O c. P60,240.00
O d. P60,042.00

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