Answered: How many years will P 100,000 earn a…

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Algebra

How many years will P 100,000 earn a compounded interest of P 50,000 if interest is 9% compounded quarterly?

College Algebra

7th Edition

ISBN:9781305115545

Author:James Stewart, Lothar Redlin, Saleem Watson

Publisher:James Stewart, Lothar Redlin, Saleem Watson

Chapter8: Sequences And Series

Section8.4: Mathematics Of Finance

Problem 9E: Saving How much money should be invested every quarter at 10% per year, compounded quarterly, to...

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How many years will P 100,000 earn a compounded interest of P 50,000 if interest is 9% compounded quarterly?

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