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Suppose you invest P 794,515 in a fund earning 9 % simple interest annually. After 3 years, you have the option of moving your money

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Suppose you invest P 794,515 in a fund earning 9 % simple interest annually. After 3 years, you have the option of moving your money to an account that pays at an annual effective rate of 7 % compound interest. If you wish to withdraw in 9 more years, determine the net benefits of moving your money to the compound interest account. Question 2 5 pts An entity borrowed P 5,193,875 at 6% interest rate per annum for 18 years. Find the maturity value. Question 3 5 pts You are planning to invest P 7,864.907 in a bank with 7% simple interest. Find the time (in years) needed to make it P38,293,323

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