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The day Jared was born, his parents invest P20,000 at 5.5% m=4. Find the value of the fund on Jared's 21st birthday. *       a. P63,982.43       b. P64,298.93       c. P63,892.93       d. P62,982.93

The day Jared was born, his parents invest P20,000 at 5.5% m=4. Find the value of the fund on Jared's 21st birthday. *       a. P63,982.43       b. P64,298.93       c. P63,892.93       d. P62,982.93

Essentials Of Investments
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
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The day Jared was born, his parents invest P20,000 at 5.5% m=4. Find the value of the fund on Jared's 21st birthday. *
 
 
 
a. P63,982.43
 
 
 
b. P64,298.93
 
 
 
c. P63,892.93
 
 
 
d. P62,982.93
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