If you have PhP5,000.00, which of the following investment alternatives would provide the greatest ending wealth for your one-year investment? A. 72/100 percent simple interest B. 7/10 percent compounded annually C. 7/10 percent compounded semi-annually D. 7/10 percent compounded quarterly
If you have PhP5,000.00, which of the following investment alternatives would provide the greatest ending wealth for your one-year investment? A. 72/100 percent simple interest B. 7/10 percent compounded annually C. 7/10 percent compounded semi-annually D. 7/10 percent compounded quarterly
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 1QTD
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46.If you have PhP5,000.00, which of the following investment alternatives would provide the greatest
ending wealth for your one-year investment?
A. 72/100
percent simple interest
B. 7/10
percent compounded annually
C. 7/10
percent compounded semi-annually
D. 7/10
percent compounded quarterly
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