Noelyn invested her ₱2,000 at 6% compounded quarterly. How much will be the amount at the end of 5 years? * a. ₱2,699.61 b. ₱2,696.16 c. ₱2,691.17 d. ₱2,693.71

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 15E
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Noelyn invested her ₱2,000 at 6% compounded quarterly. How much will be the amount at the end of 5 years? *

a. ₱2,699.61

b. ₱2,696.16

c. ₱2,691.17

d. ₱2,693.71

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