Dani Rojas deposited P50,000.00 in the Bank of Yara which offers 12% interest compounded bi-monthly. Two years later, he deposited P70,000.00 in Banco Libertad which offers 14% compounded quarterly. The following year, he deposited P90,000.00 in Banco Nacional Esperanza which offers 16% interest compounded semi-annually. 2. Determine the withdrawn amount from Bank of Yara three years after the last deposit. 3. Determine the withdrawn amount from Banco Libertad three years after the last deposit. 4. Determine the withdrawn amount from Banco Nacional Esperanza three years after the last deposit. 5. Determine the total amount due if he makes a total withdrawal three years after the last deposit?
Dani Rojas deposited P50,000.00 in the Bank of Yara which offers 12% interest compounded bi-monthly. Two years later, he deposited P70,000.00 in Banco Libertad which offers 14% compounded quarterly. The following year, he deposited P90,000.00 in Banco Nacional Esperanza which offers 16% interest compounded semi-annually. 2. Determine the withdrawn amount from Bank of Yara three years after the last deposit. 3. Determine the withdrawn amount from Banco Libertad three years after the last deposit. 4. Determine the withdrawn amount from Banco Nacional Esperanza three years after the last deposit. 5. Determine the total amount due if he makes a total withdrawal three years after the last deposit?
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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