With an interest rate of 11% compounded bimonthly, Jin invested Php 200,000. The interest rate increases to 12.5% compounded quarterly after a year. He decided to invest another same amount - Php 200, 000 at this rate. At the end of year 3, he borrowed an amount of Php 400,000. If he will withdraw what is left in the account at the end of the 5th year, what will be the amount left? Select the correct response: A. $ 148,079.29 B. $ 197,277.49 C. $ 172,497.80 D. $ 180,497.92
With an interest rate of 11% compounded bimonthly, Jin invested Php 200,000. The interest rate increases to 12.5% compounded quarterly after a year. He decided to invest another same amount - Php 200, 000 at this rate. At the end of year 3, he borrowed an amount of Php 400,000. If he will withdraw what is left in the account at the end of the 5th year, what will be the amount left? Select the correct response: A. $ 148,079.29 B. $ 197,277.49 C. $ 172,497.80 D. $ 180,497.92
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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With an interest rate of 11% compounded bimonthly, Jin invested Php 200,000. The interest rate increases to
12.5% compounded quarterly after a year. He decided to invest another same amount - Php 200, 000 at this rate. At
the end of year 3, he borrowed an amount of Php 400,000. If he will withdraw what is left in the account at the end
of the 5th year, what will be the amount left?
Select the correct response:
A. $ 148,079.29
B. $ 197,277.49
C. $ 172,497.80
D. $ 180,497.92
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