An investment will have a future value equal to Php180,250 after 6 years. It has a nominal rate of 10.5% that is compounded quarterly. What is the present value of the investment? O Php85,702.10 O Php93,450.70 O Php96,783.02 O Php67,347.03

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 27P
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An investment will have a future value equal to Php180,250 after 6 years. It has a nominal rate of
10.5% that is compounded quarterly. What is the present value of the investment?
O Php85,702.10
O Php93,450.70
O Php96,783.02
O Php67,347.03
Transcribed Image Text:An investment will have a future value equal to Php180,250 after 6 years. It has a nominal rate of 10.5% that is compounded quarterly. What is the present value of the investment? O Php85,702.10 O Php93,450.70 O Php96,783.02 O Php67,347.03
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