Question
Santiago Mining Services is planning to purchase loading equipment in three years. The company wants to invest PhP 44 million now and hopes to have
Santiago Mining Services is planning to purchase loading equipment in three years. The company wants to invest PhP 44 million now and hopes to have PhP 55 million to spend on the equipment when the company purchases it. What kind of interest rate would the company need if its investment is compounded monthly?
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Financial Accounting
Authors: John Hoggett, Lew Edwards, Evelyn Hogg, John Medlin, Matthew Tilling
8th Edition
1742466362, 978-1742466361
