The amount of interest earned in 11 years on Php 1,000,000 deposited in an account paying 8% interest compounded monthly is Php 1,403,869.28? a. True b. False
The amount of interest earned in 11 years on Php 1,000,000 deposited in an account paying 8% interest compounded monthly is Php 1,403,869.28? a. True b. False
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 3CE
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The amount of interest earned in 11 years on Php 1,000,000 deposited in an account paying 8% interest compounded monthly is Php 1,403,869.28?
a. True
b. False
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