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Proper answer Draw the correct cash flow diagram. (a) How long will it take money to triple itself if invested at 8% annual simple interest?

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Draw the correct cash flow diagram. (a) How long will it take money to triple itself if invested at 8% annual simple interest? At 8% compounded annually? (b) An annuity of P1,200 is required over 10 years to obtain a future amount of P16,000. What is the effective interest rate

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