Answered: What will be the future worth of money…

What will be the future worth of money after 1 year, if the sum of P25,000 is invested today at a rate of 1% per month? A P30,100 в) Р28,170 (© P25,250 P29,010

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

What will be the future worth of money after 1 year, if the sum of P25,000 is invested today ata rate of 1% per month?
A P30,100
B) P28,170
P25,250
P29,010

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