A man deposits Php 6,000 in a strange bank that promises 1.5% simple growth interest for 'w'
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A man deposits Php 6,000 in a strange bank that promises 1.5% simple growth interest for 'w' years. After that, 2% interest will begin for 'X' years, which is to be compounded semiannually. If the man wishes the future amount to be up by 147% its principal amount. How many years should the money sit in this strange bank?
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders , Marcia Cornett
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