40. Php 100 000 is deposited in a trust fund at an annual interest rate of 10%, compounded monthly. How long will it take the fund to reach P 102 0002 (Recall that f(x) = a(1+b)*, where a is the initial investment, b is the rate per compounding period, and x is the total number of periods.) %3D
40. Php 100 000 is deposited in a trust fund at an annual interest rate of 10%, compounded monthly. How long will it take the fund to reach P 102 0002 (Recall that f(x) = a(1+b)*, where a is the initial investment, b is the rate per compounding period, and x is the total number of periods.) %3D
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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