Solution: How much, in terms of year zero pesos will be in the account at maturity?

(Last Updated On: December 8, 2017)

How much, in terms of year zero pesos will be in the account at maturity?

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

Problem Answer:

The total amount at maturity is P15,030.

Solution:

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Solution: How much, in terms of year zero pesos will be in the account at maturity?
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