Whats the future value of P1,500 after 5 years if the appropriate interest rate is 6%, compounded semiannually?

Group of answer choices

P2,016

P1,950

P1,590

P1,725

Compounding is the process of converting future value into present value.

Group of answer choices

True

False

Discounting is the process of converting present value into future value.

Group of answer choices

True

False

An ordinary annuity is a series of equal payments made at the beginning of consecutive periods.

Group of answer choices

True

False

An annuity due is a series of equal payments made at the beginning of consecutive periods.

Group of answer choices

True

False