13. Jenny wishes to double her financialn fund and the bank gives her 8% rate of interest annually, how many years does Jenny needs to deposit a money to achieve her goal?
13. Jenny wishes to double her financialn fund and the bank gives her 8% rate of interest annually, how many years does Jenny needs to deposit a money to achieve her goal?
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 11E
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Question
Transcribed Image Text:13. Jenny wishes to double her financialn
fund and the bank gives her 8% rate of
interest annually, how many years does
Jenny needs to deposit a money to achieve
her goal?
14. Find the principal value of perpetuity
amount of P18,000 with a nominal rate or
5% compounded quarterly
15. Gihanne wants to invent P55,555.00 in a
mutual fund that grows continuously with
9% interest rate per annum. What will be the
value of the money after 25 years?
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