Answered: What will be the compounded amount on a…

What will be the compounded amount on a loan of P1.500 at 12% interest compounded quarterly for I year? O P16.822.63 O Pl,690 O Pl,688.26 O P16.860

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter19: Lease And Intermediate-term Financing

Section: Chapter Questions

Problem 18P

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Question

What will be the compounded amount on a loan of P1.500 at 12% interest compounded quarterly for 1 year?
of
O P16.822.63
O P1.690
O Pl,688.26
O P16.860

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