1. Harold expects to receive Php 200,000 five years from now. How much is the money worth now if the interest rate is 10% compounded monthly? 2.Calculate the annual interest rate compounded semi-annually that will allow a principal sum of Php 40,000 accumulate to Php 80,000 after five years.
1. Harold expects to receive Php 200,000 five years from now. How much is the money worth now if the interest rate is 10% compounded monthly? 2.Calculate the annual interest rate compounded semi-annually that will allow a principal sum of Php 40,000 accumulate to Php 80,000 after five years.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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What us the correct to the questions below (numbers 1 and2)?
1. Harold expects to receive Php 200,000 five years from now. How much is the money worth now if the interest rate is 10% compounded monthly?
2.Calculate the annual interest rate compounded semi-annually that will allow a principal sum of Php 40,000 accumulate to Php 80,000 after five years.
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