With the same given in number 1, what is the accumulated amount(future value)?
A. ₱74,387.37
B. ₱67,200.42
C. ₱81,600.96
D. ₱ 134,351.87
D ang sagot dito ang need ko ay solution. Nasa pic yung given. Report ko nonsense
A. ₱74,387.37
B. ₱67,200.42
C. ₱81,600.96
D. ₱ 134,351.87
D ang sagot dito ang need ko ay solution. Nasa pic yung given. Report ko nonsense
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1. P = A[(1+i/m)^mn -1)] ÷ [(i)(1+i/m)^mn]
A = P5,000.00
i = 0.06%
m = 2
n = 10 years
substitute the values to the equation:
P = P74,387.37 (ans. A.)
2. F = P(1 + i/m)^mn
P = P74,387.37
i = 0.06%
m = 2
n = 10 years
substitute the values to the equation:
F = P134,351.8724 (ans. D.)