At what interest rate will ₱30,750 amount to ₱44,875 in 4 years and 6 months, if interest is compounded semi-annually?

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter12: Current Liabilities
Section: Chapter Questions
Problem 5Q: If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the...
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At what interest rate will ₱30,750 amount to ₱44,875 in 4 years and 6 months, if interest is compounded semi-annually?
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