At what interest rate will P120,000 earn P37,800 interest after 3 % years? Discount P9,000 for 9 months at a discount rate of 8%. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly? What is the present value of P75,000 due in 3 years and 9 months if money is worth 10% compounded quarterly?
At what interest rate will P120,000 earn P37,800 interest after 3 % years? Discount P9,000 for 9 months at a discount rate of 8%. What is the compound amount on P25,000 for 5 years at 8%, compounded quarterly? What is the present value of P75,000 due in 3 years and 9 months if money is worth 10% compounded quarterly?
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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