p 2,500,000 is deposited for 3 years in an account earning 7.2% interest. The future value if interest is compounded semianually wil bee 3,040,000? a. True

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
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Php 2,500,000 is deposited for 3 years in an account earning 7.2% interest. The future value if interest is compounded semianually wil bee 3,040,000?

a. True

b. False

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