If P500,000 is deposited at a rate of 11.25% compounded monthly, determine the compounded interest after 10 years and 7 months. Complete Solution
If P500,000 is deposited at a rate of 11.25% compounded monthly, determine the compounded interest after 10 years and 7 months. Complete Solution
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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If P500,000 is deposited at a rate of 11.25% compounded monthly, determine the compounded interest after 10 years and 7 months. Complete Solution
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