enter exact answersyou can use excel Question 5How long will it take PhP15,000 to earn PhP5,000 if itis invested at 12% monthly?A) 3 yearsB) 2.4 yearsC) 2.2 yearsD) 2.6 years

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is invested at 12% monthly? A) 3 years B 2.4 years C) 2.2 years D) 2.6 years

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 9PROB

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enter exact answers

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Question 5
How long will it take PhP15,000 to earn PhP5,000 if it
is invested at 12% monthly?
A) 3 years
B) 2.4 years
C) 2.2 years
D) 2.6 years

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