5. A depositor places P10,000 in a certificate of deposit account which pays 7 percent interest per annum, compounded continuously. How much will the depositor have after 5 years if the interest rate remains constant over that time? OP14,390.68 OP14,090.68 OP14,190.68 OP14,290.68
5. A depositor places P10,000 in a certificate of deposit account which pays 7 percent interest per annum, compounded continuously. How much will the depositor have after 5 years if the interest rate remains constant over that time? OP14,390.68 OP14,090.68 OP14,190.68 OP14,290.68
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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