Please provide a clear and complete solution. Answer fast for I have 30 minutes left. Thank you very much. How long does it take (to the nearest whole year) for Php 50,000 to quadruple invalue when the interest rate is 15% per year?

By rearranging a PV formula, we can solve for time period (n). Please note when doing this question…

Answered: How long does it take (to the nearest…

How long does it take (to the nearest whole year) for Php 50,000 to quadruple in value when the interest rate is 15% per year?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 12E

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Please provide a clear and complete solution. Answer fast for I have 30 minutes left. Thank you very much.

How long does it take (to the nearest whole year) for Php 50,000 to quadruple in
value when the interest rate is 15% per year?

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