Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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How much should you deposit in a bank paying 2% compounded quarterly to accumulate an amount of P80,000 in 5 years and 9 months?
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- If Janine deposits Php3,500 at the beginning of each month to a fund that earns 3% interest compounded monthly, when will she have Php300,000? yearsarrow_forwardHow much should be placed in a fund every 3 months in order to have Php350,000 in 4 years if the money accumulates at 12% compounded quarterly?arrow_forwardAngelica received a 12 year non subsidized loan of 17,000 at an annual interest of 5.5 % compounded monthly.She will begin repaying the loan after she graduates in 4 years.. How much interest in dollars must she pay on the loan during the period of time that payments on loan are not being made Determine her monthly payment in dollars on the .arrow_forward
- 5) Erin invests 8000 pesos at 2.6% interest compounded quarterly. Find the value of her investment after 8 years.arrow_forwardA couple plans to invest money into an account that earns 9% interest, compounded quarterly, for their child's college education. What principal must be deposited by the parents when their child turns 5 in order to have $25,000 when the child reaches the age of 18?arrow_forwardOn his 7th birthday, Lee was left with an inheritance. The inheritance will be paid in a lump sum of ₱ 10 M on his 21st birthday. What is the value of the inheritance as of Lee’s 7th birthday, if the interest rate is 5% compounded annually?arrow_forward
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