Mr. Dela Cruz wants to invest Php1, 000, 000.00. He decided to invest his money equally to two different investment opportunity. The first half is to put it in the bank at 5% interest rate compounded quarterly. While the remainder of his money, he wants to invest it in bonds which pay 9% yearly return. Which on the two investment will give him a high return after 1 year?
Mr. Dela Cruz wants to invest Php1, 000, 000.00. He decided to invest his money equally to two different investment opportunity. The first half is to put it in the bank at 5% interest rate compounded quarterly. While the remainder of his money, he wants to invest it in bonds which pay 9% yearly return. Which on the two investment will give him a high return after 1 year?
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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Transcribed Image Text:. Mr. Dela Cruz wants to invest Php1, 000, 000.00. He decided to invest his money equally
to two different investment opportunity. The first half is to put it in the bank at 5%
interest rate compounded quarterly. While the remainder of his money, he wants to invest
it in bonds which pay 9% yearly return. Which on the two investment will give him a
high return after 1 year?
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