2. Ms. Z puts P242, 400 in a savings account that pays a set yearly interest rate of 5% compounded twice a year. After six years, what will the account balance be?
2. Ms. Z puts P242, 400 in a savings account that pays a set yearly interest rate of 5% compounded twice a year. After six years, what will the account balance be?
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Please answer number 2 and base your answer here: https://docs.google.com/file/d/1wEoW7MtTGoFAowkgBBs80odFKIs5f4lR/edit?usp=docslist_api&filetype=mspresentation
Transcribed Image Text:1. Mr. X intends to earn P150,000 in interest each year. How much needs he invests for a
year at an interest rate of 8%? ·
2. Ms. Z puts P242, 400 in a savings account that pays a set yearly interest rate of 5%
compounded twice a year. After six years, what will the account balance be?
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