Engineering Economy Mcqs
Q. By the condition of a will, the sum of P20,000 is left to a girl to be held in trust fund by her guardian until it amounts to P50,000. When will the girl receive the money if fund invested at 8% compounded quarterly ?
a. 11.23 years
b. 11.46 years
c. 11.57 years
d. 11.87 years
No explanation is available for this question!
