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Suppose you would like to save P9000 invested at 8% compounded quarterly for 5 years and 6 months. (Note: Round off your answer to the
Suppose you would like to save P9000 invested at 8% compounded quarterly for 5 years and 6 months.
(Note: Round off your answer to the nearest hundredth)
(a)How much would the value of her savings at the end of the term?Answer
(b)How much is the interest earned by your savings?Answer
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