DAYANANJOANGO
Answered

9. Suppose Php 55,000 will due in 9 years at 7% compounded annually. How much
is the capital
A. Php 463.79
C. PHP 29,916,36
B. Php 4,637.9
D. Php 58,563.62
10 hat in​

Sagot :

MSKLYCHEZ0110GO

Answer:

PHP 29,916,36

Step-by-step explanation:

A=P(1 + r/n) ^ n*t

A= Final amount

P = Principal amount or Initial amount  

r = nominal rate

n = compounding period

t = number of period

[tex]P = \frac{55,000}{((1 +\frac{0.07}{1})^9}[/tex]

P= PHP 29,916,36

Go Educations: Other Questions