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misseylaLv10
10 Jul 2022
A sum of P1,000 is invested now and left for 8 years, at which time the principal is withdrawn. The interest has an accrued left for another 8 years. If the effective annual interest is 5%, what will be the withdrawn amount at the end of the 16th year?
A sum of P1,000 is invested now and left for 8 years, at which time the principal is withdrawn. The interest has an accrued left for another 8 years. If the effective annual interest is 5%, what will be the withdrawn amount at the end of the 16th year?
7
answers
1
watching
151
views
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