An amount P20,000 is place in an investment for 10 years. How much is the sum of the investment after 10 years if the rate of investment is 7% compounded continuously? P63.729.59 P51,901.92 P39,325.21 P40,275.05

An amount P20,000 is place in an investment for 10 years. How much is the sum of the investment after 10 years if the rate of investment is 7% compounded continuously? P63.729.59 P51,901.92 P39,325.21 P40,275.05

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 14EB: How much must be invested now to receive $50,000 for 8 years if the first $50,000 is received in one...

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Question

An amount P20,000 is place in an investment for 10 years. How much is the sum
of the investment after 10 years if the rate of investment is 7% compounded
continuously?
P63.729.59
P51,901.92
P39,325.21
P40,275.05

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