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i have 1hr to answer seat work pls help Solve the following problems: 1. Accumulate P16,500 for 2 years and 10 months at (a) 13%
i have 1hr to answer seat work pls help
Solve the following problems: 1. Accumulate P16,500 for 2 years and 10 months at (a) 13% compounded monthly, and (b) 13% compounded continuously. 2. What rate compounded quarterly is equivalent to (a) 10% effective, (b) 10% compounded monthly, (c) 10% simple interest for two years, and (d) 10% simple discount rate for 2 years? 3. If you deposit $5000 into an account, how many years will it take for the account to be worth $9350 using (a) 8.25% compounded semi-annually? (b) 8.25% compounded continuously? 4. If the total interest paid equals the borrowed principal over 20 years, determine (a) the applied nominal rate compounded quarterly, and (b) applied rate compounded continuously. 5. Two hundred years ago, your great, great, great grandfather deposited P1 in a savings account. Today, the bank notified you that you are the sole heir to the account. How much is the account today if it earns 8% compounded annuallyStep by Step Solution
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