Question
A man lends P6000 at 6% simple interest for 4 years. At the end of this time he invests the entire amount (principal plus investment)
A man lends P6000 at 6% simple interest for 4 years. At the end of this time he invests the entire
amount (principal plus investment) at 5% compounded annually for 12 years. How much will he
have at the end of the 16-year period?
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Principles Of Engineering Economic Analysis
Authors: John A. White, Kenneth E. Case, David B. Pratt
6th Edition
1118163834, 978-1118163832
