Answered: Find the compound amount and the…

Find the compound amount and the interest if: Php25 350.00 is deposited in a savings account at 7% compounded semi-annually for 2 years and 6 months.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter7: Using Consumer Loans

Section: Chapter Questions

Problem 6FPE

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With solution 1. Find the compound amount and the interest if: Php25 350.00 is deposited in a savings account at 7% compounded semi-annually for 2 years and 6 months.

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