Answer:
F= P1,230,899.164
Ic= P430,899.1639
Step-by-step explanation:
Given : P- P800,000.00
t - 5 yrs.
i - 9% / 0.09
m- 1 ( because it's compounded annually)
j=i/m
=.09/1
j= .09
n=mt
= 1(5)
=5
F= P(1+j)^n
F= P800,000.00(1+.09)⁵
=P1,230,899.164
Ic= F- P
= P1,230,899.164 - P800,000.00
= P 430,899.1639
