Mr. Diluc had #450 000 pesos on a bank which earns 8.5% interest compounded quarterly. He...
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Mr. Diluc had #450 000 pesos on a bank which earns 8.5% interest compounded quarterly. He needed P900, 300 pesos to start an electronic business. Will 6 years be enough to accumulate such money? Explain your answer. 2. In what sum of money will $325, 000 accumulate in 3 years and 2 months at 5% compounded semi annually? Mr. Diluc had #450 000 pesos on a bank which earns 8.5% interest compounded quarterly. He needed P900, 300 pesos to start an electronic business. Will 6 years be enough to accumulate such money? Explain your answer. 2. In what sum of money will $325, 000 accumulate in 3 years and 2 months at 5% compounded semi annually?
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1 To determine if Mr Diluc can accumulate 900300 pesos in 6 years we can calculate the future value ... View the full answer
Related Book For
South-Western Federal Taxation 2018 Comprehensive
ISBN: 9781337386005
41st Edition
Authors: David M. Maloney, William H. Hoffman, Jr., William A. Raabe, James C. Young
Posted Date:
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