The first cost of certain equipment is P 324,000 and a salvage value of P 50,000 at the end of its life of 4 years. If money is worth 6% compounded annually, find the capitalized cost. P 541,987.89 O P 541,532.78 O P 541,033.66 O P 541,089.77 How long will it take money to double itself if invested at 5% compounded annually? O 14.2 years O 15.9 years O 16.8 years O 10.7 years