12. Mr. Cruz plans to invest P45,000 on his son's birth for his son's education 5 years later. If Mr. Cruz wishes to have P80,000 by that time, at what rate converted quarterly should be invest his money?
12. Mr. Cruz plans to invest P45,000 on his son's birth for his son's education 5 years later. If Mr. Cruz wishes to have P80,000 by that time, at what rate converted quarterly should be invest his money?
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 27PS
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