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Show Detailed Solution 354. If P500000 is deposited at a rate of 11.25% compounded monthly, determine the compounded interest after 7 years and 9 months.

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354. If P500000 is deposited at a rate of 11.25% compounded monthly, determine the compounded interest after 7 years and 9 months. - A. P690.849 - B. P680686 - C. P670258 - D. P660592 355.) P200000 was deposited at an interest rate of 24% compounded semi-annually. After how many years will the sum be P621470? - A. 4 years - B. 5 years - C. 3 years - D. 6 years 356. A bank is advertising 9.5% accounts that yields 9.84% annually. How often is the interest compounded

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