May I ask for an explanation and solution to the question for a better understanding. Thank you! 4. You deposited P1,000 in a savings account that pays 8% interest, compounded quarterly, planning to use it to finish your last year in college. Eighteen months later, you decide to go to Quezon City to become a call center agent rather than continue in school, so you close out your account. How much money will you receive? a. P1,999.00 b. P1,439.45 c. P250.25 d. P1,126.16
May I ask for an explanation and solution to the question for a better understanding. Thank you! 4. You deposited P1,000 in a savings account that pays 8% interest, compounded quarterly, planning to use it to finish your last year in college. Eighteen months later, you decide to go to Quezon City to become a call center agent rather than continue in school, so you close out your account. How much money will you receive? a. P1,999.00 b. P1,439.45 c. P250.25 d. P1,126.16
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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May I ask for an explanation and solution to the question for a better understanding. Thank you!
4. You deposited P1,000 in a savings account that pays 8% interest, compounded quarterly, planning to use it to finish your last year in college. Eighteen months later, you decide to go to Quezon City to become a call center agent rather than continue in school, so you close out your account. How much money will you receive?
a. P1,999.00
b. P1,439.45
c. P250.25
d. P1,126.16
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