Five years ago, a trust fund amounting to P500,000.00 was invested at 15% compounded semi-annually. Find the amount in the fund now.
Five years ago, a trust fund amounting to P500,000.00 was invested at 15% compounded semi-annually. Find the amount in the fund now.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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1. Five years ago, a trust fund amounting to P500,000.00 was invested at 15% compounded semi-annually. Find the amount in the fund now.
2. In buying a car, Amiel pays P 210,000.00 cash and agrees to pay P790,000.00 for 4 years at 12% interest compounded monthly. Find the cash value of the car.
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