1. An investment dealer bought Php 12,500 from Caloy. She promised to pay the interest and the principal after 2 years and 4 months. How much would Caloy receive from baby if he charged interest at 9% compounded monthly? 2. How long will it take for Php 600 to accumulate to Php 2,500 at 12% compounded semi-annually? 3. If Php 9,770 is the present value of Php 12,650 for 7 years and five months, what us the rate compounded monthly

Answer rating: 100% (QA)

To solve these problems we can use the formula for compound interest A P1 rnightnt where A is the am... View the full answer