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The difference between simple interest and compound on P 1200 for one year at 10% per annum reckoned semi-annually is: * P2.50 P3.00 P3.75 O P4.00

The difference between simple interest and compound on P 1200 for one year at 10% per annum reckoned semi-annually is: * P2.50 P3.00 P3.75 O P4.00

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
Problem 1PS
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The difference between simple interest and compound on P 1200 for one year at 10% per annum reckoned semi-annually is: * P2.50 P3.00 P3.75 P4.00 Joey currently has P2376 saved towards the purchase of a home theatre system. He wants to be able to buy a system for P5600 plus GST in 2 years. Your money is earning 3.84% compounded monthly. What is the size of your monthly deposit?* P137.59 P154.34 P121.85 O P135.34
Transcribed Image Text:The difference between simple interest and compound on P 1200 for one year at 10% per annum reckoned semi-annually is: * P2.50 P3.00 P3.75 P4.00 Joey currently has P2376 saved towards the purchase of a home theatre system. He wants to be able to buy a system for P5600 plus GST in 2 years. Your money is earning 3.84% compounded monthly. What is the size of your monthly deposit?* P137.59 P154.34 P121.85 O P135.34
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