Question 4 At what nominal rate compounded semi-annually will PhP5,000 amount to PhP6,000 in 2 years? A) 9.54% B 9.33% C) 4.66% D) 4.77%
Question 4 At what nominal rate compounded semi-annually will PhP5,000 amount to PhP6,000 in 2 years? A) 9.54% B 9.33% C) 4.66% D) 4.77%
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 22PROB
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Transcribed Image Text:Question 4
At what nominal rate compounded semi-annually
will PhP5,000 amount to PhP6,000 in 2 years?
A) 9.54%
B) 9.33%
C) 4.66%
D) 4.77%
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