If I invest P10,387 today and expect a reimbursement every 6 months with a rate of 11.54% compounded semi-annually for 3 years. How much will I expect to receive every June and December of every year.

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 12E
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UPVOTE WILL BE GIVEN. PLEASE WRITE THE COMPLETE SOLUTIONS. BOX THE FINAL ANSWER.
1. If I invest P10,387 today and
expect a reimbursement every 6
months with a rate of 11.54%
compounded
semi-annually for
3 years. How much will I expect
to receive every June and
December of every year.
Transcribed Image Text:1. If I invest P10,387 today and expect a reimbursement every 6 months with a rate of 11.54% compounded semi-annually for 3 years. How much will I expect to receive every June and December of every year.
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