Answered: If money is worth 7% compounded…

If money is worth 7% compounded continuously, find the equated time for paying a loan of P 200,050 due in 2 years and P 315,000 due in 4 years.

Calculus For The Life Sciences

2nd Edition

ISBN:9780321964038

Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.

Chapter2: Exponential, Logarithmic, And Trigonometric Functions

Section2.CR: Chapter 2 Review

Problem 124CR

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If money is worth 7% compounded continuously, find the equated time for paying a loan of P 200,050 due in 2 years and P 315,000 due in 4 years.

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