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How much will I have 8 years from now, if I will invest P10,929 at the end of each three months for the next three years? My money has a rate of return of 7.5% compounded semi-annually.

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

How much will I have 8 years from now, if I will invest P10,929 at the end of each three months for the next three years? My money has a rate of return of 7.5% compounded semi-annually.

Definition Definition Percentage gain or loss from a specific investment over time. The rate of return is the difference between the closing and initial values of an investment divided by the initial value of the investment. The closing value includes any intermediate cash flows such as dividends or interest amounts.

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