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
Related questions
Question
![A deposit of Php1500 every end of 6 months earned 6% compounded
semi-annually.
How much is the interest earned after 8th deposit?
a. Php344.81
b. Php1844.81
c. Php3448
d. No Answer](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5cdc38a5-48cf-4c16-ac25-381a34bd060d%2F754b32fc-d28d-43ea-a586-e76a37e37af2%2Fjpo7ue_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A deposit of Php1500 every end of 6 months earned 6% compounded
semi-annually.
How much is the interest earned after 8th deposit?
a. Php344.81
b. Php1844.81
c. Php3448
d. No Answer
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