Question: Solve the following problems with a complete solution. How much money should be invested in a financial institution that pays 3.25% simple interest if the
Solve the following problems with a complete solution. How much money should be invested in a financial institution that pays 3.25% simple interest if the amount at the end of 5 years is P450,000.00? What is the accumulated value of P50,000 for 5 years and 3 months at 6.5% simple interest? How long will it take P200,000 to amount to half a million pesos if the simple interest rate is 8.25% per annum Determine the rate compounded semi-annually at which P10,000 will accumulate to P18,000 in 5 years. Find the amount due on P200,000 in 4 years and 3 months at a. 441% compounded semi-annually b. 521% compounded quarterly c. 6% compounded annually d. 7% simple interest
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