Situation
An investment of P250,000 is made at the end of each year with interest of 2.5% compounded annually.
- Determine the equal-payment-series compound-amount factor after 10 years.
-
A. 11.203 |
C. 9.632 |
B. 10.578 |
D. 8.736 |
- Determine the total amount of the investment after 10 years.
-
A. P2,800,000.00 |
C. P2,400,000.00 |
B. P2,600,000.00 |
D. P2,200,000.00 |
- How long (in years) will it take for the investment to amount to P10,000,000.00?
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