For a sum of P8000.00 to double itself in 12 years and 9 months, what must be the rate of interest compounded quarterly? * O A. 4.56% B. 5.47% C. 13.06% D. 54%
For a sum of P8000.00 to double itself in 12 years and 9 months, what must be the rate of interest compounded quarterly? * O A. 4.56% B. 5.47% C. 13.06% D. 54%
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
Section2.1: Exponential Functions
Problem 53E: Interest Ron Hampton needs to choose between two investments: One pays 6% compounded annually, and...
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