4. If F = P50,000 with the rate 1.5% compounded quarterly for 5 years find the present value and compound interest How much is the present value? How much is the compound interest?
4. If F = P50,000 with the rate 1.5% compounded quarterly for 5 years find the present value and compound interest How much is the present value? How much is the compound interest?
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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