Problem Statement: ME Board October 1995
In year zero, you invest P10,000.00 in a 15% security for 5 years. During that time, the average annual inflation is 6%. How much, in terms of year zero pesos will be in the account at maturity?
- A. P12,020
- B. P13,030
- C. P14,040
- D. P15,030
The total amount at maturity is P15,030.
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