Question: Show complete solution A contract ca||s fora payment of P 'i 200 at the beginning of each month for 12 months. At what rate compounded


Show complete solution A contract ca||s fora payment of P 'i 200 at the beginning of each month for 12 months. At what rate compounded annually would this agreement be equivalent to a cash payment of P 10,000? Choices A. 10% B. 13.63% C. 12% D. 12.45% Mr. Cruz will invest P 5000 in a fund at the end of each 6 rnonthsto accumulate P 100 000 to buyr a machine. If the fund is invested at 6.5% compounded semi annually, how many years will the fund contain at least P 100 000'? Choices A. 8 B. 15 C. 15 DB
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