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A debt of P100,000 with interest at 11.5% compounded quarterly is due at the end of 6 years. What is the maturity value of the P100,000 obligation?

Solución

A debt of P100, 000 with interest at 11.5% compounded quarterly is due at the end of 6 years. What is the maturity value of the P100, 000 obligation?

Solución

Amount : 197440.55

Pasos de solución

Translate the problem into an equation:

A = 100000 (1 + \frac{0.115}{4})^{4 \cdot 6}

100000 (1 + \frac{0.115}{4})^{4 \cdot 6} = 197440.55233 \dots

Round to the nearest hundredth:

197440.55

Amount : 197440.55

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