Problem Statement: ECE Board November 1998
A man expects to receive P25,000 in 8 years. How much is that money worth now considering interest at 8% compounded quarterly?
- A. P13,859.12
- B. P13,958.33
- C. P13,675.23
- D. P13,265.83
The money worth now considering interest at 8% compounded quarterly is P13,265.83.
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