When will a P12000 becomes P25000 with an interest rate  of 15% compounded bi-monthly?

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 8MC: Define the stated (quoted) or nominal rate INOM as well as the periodic rate IPER. Will the future...
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When will a P12000 becomes P25000 with an interest rate  of 15% compounded bi-monthly?

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