question archive You expect to receive P1,000 at the end of each of the next 3 years
You expect to receive P1,000 at the end of each of the next 3 years
Subject:FinancePrice:3.87 Bought7
You expect to receive P1,000 at the end of each of the next 3 years. You will deposit these payments into an account which pays 10%, compounded semiannually. What is the future value of these payments, that is, the value at the end of the third year?
a. P3,318.01
b. P3,993.00
c. P7,986.00
d. P665.50
Option 1
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