What is the rate compounded semi-annually that results in ₱625 accumulating to ₱1100 in 42 months? a. 2.71% b. 8.13% c. 16.37% d. 16.82%
What is the rate compounded semi-annually that results in ₱625 accumulating to ₱1100 in 42 months? a. 2.71% b. 8.13% c. 16.37% d. 16.82%
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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What is the rate compounded semi-annually that results in ₱625 accumulating to ₱1100 in 42 months?
a. 2.71%
b. 8.13%
c. 16.37%
d. 16.82%
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