WHAT WILL BE THE FUTURE WORTH OF MONEY AFTER 6 MONTHS, IF THE SUM OF P100,000 IS INVESTED TODAY AT SIMPLE INTEREST RATE OF 5% PER YEAR? O a. P102,050.00 O b. P120,500.00 О с. P102,510.00 Od P102,500.00

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
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WHAT WILL BE THE FUTURE WORTH OF MONEY AFTER 6 MONTHS, IF THE SUM OF P100,000 IS INVESTED TODAY AT SIMPLE
INTEREST RATE OF 5% PER YEAR?
O a. P102,050.00
O b. P120,500.00
O c. P102,510.00
O d. P102,500.00
Transcribed Image Text:WHAT WILL BE THE FUTURE WORTH OF MONEY AFTER 6 MONTHS, IF THE SUM OF P100,000 IS INVESTED TODAY AT SIMPLE INTEREST RATE OF 5% PER YEAR? O a. P102,050.00 O b. P120,500.00 O c. P102,510.00 O d. P102,500.00
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