II. Directions: Compute the future value of the following single investments. Round off your final answer up to 2 decimal places. 4. P60,050 at 9.5% interest compounded bi-monthly for 4 years. 5. P104,000 at 6.89% interest compounded annually for 3

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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II. Directions: Compute the future value of the following
single investments. Round off your final answer up to 2
decimal places.
4. P60,050 at 9.5% interest compounded bi-monthly for 4
years.
5. P104,000 at 6.89% interest compounded annually for 3
years.
Transcribed Image Text:II. Directions: Compute the future value of the following single investments. Round off your final answer up to 2 decimal places. 4. P60,050 at 9.5% interest compounded bi-monthly for 4 years. 5. P104,000 at 6.89% interest compounded annually for 3 years.
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