Question
94. Compute the interest for an amount of P200,000 for a period of 8 years if it was made at 16% compounded continuously. 95. Find
94. Compute the interest for an amount of P200,000 for a period of 8 years if it was made at 16% compounded continuously.
95. Find the value of x, (F/P, x, 6) if F/P compounded quarterly is equal to 1.612226.
96. Find the value of y, (P/F, 6%, y) if P/F compounded bi-monthly is equal to 0.787566.
97. If P1,000 becomes P1,126.49 after 4 years when invested at a certain nominal rate of interest compounded semi-annually, determine the nominal rate and the corresponding effective rate. 98. Find the present worth of a future payment of P1000,000 to be made in 10 years with an interest of 12% compounded quarterly
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