Question
A man lends P600 at 6% simple interest for 4 years. At the end of this time, he invest the entire amount at 5% compounded
A man lends P600 at 6% simple interest for 4 years. At the end of this time, he invest the entire amount at 5% compounded annually for 12 years. How much will he have at the end of 16-year period?
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The Economics of Public Issues
Authors: Roger LeRoy Miller, Daniel K. Benjamin, Douglass C. North
19th edition
134018974, 134018973, 9780134020532 , 978-0134018973
