P200, 000.00 was deposited on Jan. 1, 1988 at an interest rate of 24% compounded semi-annually. How much would the sum be on Jan. 1, 1993? a.P628, 170.00 b.P621,170.00 c.P661, 170.00 d.P621, 370.00
P200, 000.00 was deposited on Jan. 1, 1988 at an interest rate of 24% compounded semi-annually. How much would the sum be on Jan. 1, 1993? a.P628, 170.00 b.P621,170.00 c.P661, 170.00 d.P621, 370.00
Economics Today and Tomorrow, Student Edition
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ISBN:9780078747663
Author:McGraw-Hill
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Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 6R
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P200, 000.00 was deposited on Jan. 1, 1988 at an interest rate of 24% compounded semi-annually. How much would the sum be on Jan. 1, 1993?
a.P628, 170.00
b.P621,170.00
c.P661, 170.00
d.P621, 370.00
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