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11. An amount of P200 000.00 is deposited for a period of 8 years. Compute the interest if a) it was made at 18%
11. An amount of P200 000.00 is deposited for a period of 8 years. Compute the interest if a) it was made at 18% compounded bi-monthly; b) it was made at 18% compounded continuously. (Ans. P626 450.38; P644 139.16)
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
