Question: Solve the following problems on compound interest. Identify the given. formula to be use and your solution. l% compounded quarterly and let it stay there

Solve the following problems on compound interest. Identify the given. formula to be use and your solution. l% compounded quarterly and let it stay there for 5 years. Find the maturity value and interest. 4. How much should you deposit in a bank paying 2% compounded quarterly to accumulate an amount of P80,000 in 5 years

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