Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

Find the compound amount and interest if Php. 400,000 is invested at 8 %, compounded quarterly for 5 years and 6 months?

Sagot :

Answer:

618 391 .87

Step-by-step explanation:

5 years 6 months = 22 quarters

8% = .08      .08/4 = .02 interest per period

400 000 ( 1 + .02)^22 = 618 391.87

Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.