II. Directions: Compute the future value of the following single investments. Round off your final answer up to 2 decimal places. 4. P60,050 at 9.5% interest compounded bi-monthly for 4 years. 5. P104,000 at 6.89% interest compounded annually for 3
II. Directions: Compute the future value of the following single investments. Round off your final answer up to 2 decimal places. 4. P60,050 at 9.5% interest compounded bi-monthly for 4 years. 5. P104,000 at 6.89% interest compounded annually for 3
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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![II. Directions: Compute the future value of the following
single investments. Round off your final answer up to 2
decimal places.
4. P60,050 at 9.5% interest compounded bi-monthly for 4
years.
5. P104,000 at 6.89% interest compounded annually for 3
years.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc129a3c7-0b6d-43f7-b060-44204c55022b%2Fb2f12741-bda4-41f8-8692-41189b78e717%2F0mpzltd_processed.jpeg&w=3840&q=75)
Transcribed Image Text:II. Directions: Compute the future value of the following
single investments. Round off your final answer up to 2
decimal places.
4. P60,050 at 9.5% interest compounded bi-monthly for 4
years.
5. P104,000 at 6.89% interest compounded annually for 3
years.
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