Mr. Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to buy a machine if the fund is invested at 6,5% compounded semi - annually, how many years will the fund contain at least P 100,000? Select one: Oa. 9 Ob 15 O c. 16 O d 8

Mr. Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to buy a machine if the fund is invested at 6,5% compounded semi - annually, how many years will the fund contain at least P 100,000? Select one: Oa. 9 Ob 15 O c. 16 O d 8

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Mr Jones will invests P 5,000 in a fund at the end of each 6 months to accumulate P 100,000 to
buy a machine. if the fund is invested at 6.5% compounded semi - annually, how many years
will the fund contain at least P 100,000?
Select one:
O a.9
Ob. 15
O c. 16
O d. 8

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