Problem Statement: ME Board October 1995
A company invests P10,000 today to be repaid in 5 year in one lump sum at 12% compounded annually. How much profit in present day pesos is realized?
- A. P7,623
- B. P7,236
- C. P7,326
- D. P7,362
The profit in present day is P7,623.
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