SOLUTION: A 6, 000.00 pesos was lent at 6% simple interest for 4 years. At the end of 4th year, the entire money (including the interest) was invested at 5% compounded annually for 12 years.

Question 1184494: A 6, 000.00 pesos was lent at 6% simple interest for 4 years. At the end of 4th year, the entire money (including the interest) was invested at 5% compounded annually for 12 years. What is the future worth of the investment at the end of the 16th year?
Answer by ikleyn(52818) (Show Source): You can put this solution on YOUR website!
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Future value after 16 years will be  FV =  = 13.361.17  dollars.    ANSWER

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