Answered: If the sum of Php 15,000 is deposited…

If the sum of Php 15,000 is deposited in an account earning interest at the rate of 12% compounded semiannually, what will it become at the end of 5 years? (Answer is in Php.)

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

If the sum of Php 15,000 is deposited in an account earning interest at the rate of
12% compounded semiannually, what will it become at the end of 5 years? (Answer is
in Php.)

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