Sofia makes an investment py lending PhP24,000 to Riana for 2 years at an nterest rate of 11% per annum. What is the maturity value of the investment? A. P29,280 3. Р29,290 С. Р29,300

Structural Analysis
6th Edition
ISBN:9781337630931
Author:KASSIMALI, Aslam.
Publisher:KASSIMALI, Aslam.
Chapter2: Loads On Structures
Section: Chapter Questions
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Sofia makes an investment
by lending PhP24,000 to
Riana for 2 years at an
interest rate of 11% per
annum. What is the maturity
value of the investment?
A. P29,280
B. P29,290
C. P29,300
Answer:
Transcribed Image Text:Sofia makes an investment by lending PhP24,000 to Riana for 2 years at an interest rate of 11% per annum. What is the maturity value of the investment? A. P29,280 B. P29,290 C. P29,300 Answer:
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