How many years are needed for P40,000 to yield P13,756.66 if invested at 6% converted semi-annually interest? O 5 years 8 years O 7.3 years

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...
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How many years are needed for P40,000 to yield P13,756.66 if invested at 6%
converted semi-annually interest?
O 5 years
8 years
O 7.3 years
O 6.25 years
Transcribed Image Text:How many years are needed for P40,000 to yield P13,756.66 if invested at 6% converted semi-annually interest? O 5 years 8 years O 7.3 years O 6.25 years
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