11. Mr Alberto expects to have P1 615 200 in his fund at the end of 12 years. How much will he invest if the interest rate is 6.25%?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
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Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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11. Mr Alberto expects to have P1 615 200 in his fund at the end of 12 years. How much will he
invest if the interest rate is 6.25%?
Transcribed Image Text:11. Mr Alberto expects to have P1 615 200 in his fund at the end of 12 years. How much will he invest if the interest rate is 6.25%?
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