question archive Justine Bieber wishes his son to receive P 500, 000
Justine Bieber wishes his son to receive P 500, 000
Subject:EconomicsPrice: Bought3
Justine Bieber wishes his son to receive P 500, 000.00 ten years from now. What amount should he invest now if it will earn interest of 10% compounded annually during the first 5 years and 15% compounded quarterly during the next 2years and 12% compounded semiannually on the remaining years. What will be the worth of the money on the 7th year?
