How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest per annum, compounded semi-annually? A P41,232.38 B P48,467.43 P41,186.89 P645,937.15

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section4.17: Amortized Loans
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How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest per annum,
compounded semi-annually?
(A) P41,232.38
B P48,467.43
P41,186.89
D) P645,937.15
Transcribed Image Text:How much will be received in 6 years if Php35,000 is deposited in an account earning 5.5% interest per annum, compounded semi-annually? (A) P41,232.38 B P48,467.43 P41,186.89 D) P645,937.15
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