Question
HELLO. 2. Angel has invested in Commercial Bank Y a single amount of P300,000 at 9% interest compounded quarterly for 12 years. At the end
HELLO.
2. Angel has invested in Commercial Bank Y a single amount of P300,000 at 9% interest compounded quarterly for 12 years. At the end of 12 years, Angel has withdrwan the proceeds of her investment and invested them in Commercial Bank B at 8% interest compounded semi-annually for another 10 years.
Required: Determine the value of investment at the end of 10 years
Answer: Php 1, 912, 613 (dont give me a solution that isn't the same answer with the given answer i put here)
I ONLY NEED THE SOLUTION FOR THE GIVEN ANSWER. THIS QUESTION 2 IS STRESSING ME OUT. T^T
please show your solution (use the solution given in the notes p.rovided by the student)
Lesson:
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