If you let your friend borrow Php 50,000 for an interest rate of 5% compounded continuously, when does your greedy self become a millionaire? Draw a cashflow diagram based on either the borrower's perspective or the lender's perspective.

If you let your friend borrow Php 50,000 for an interest rate of 5% compounded continuously, when does your greedy self become a millionaire? Draw a cashflow diagram based on either the borrower's perspective or the lender's perspective.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please handwritten solutions only, thanks! Also include the cashflow diagram stated in the instructions, thanks!.

If you let your friend borrow Php 50,000 for an interest rate of 5%
compounded continuously, when does your greedy self become a
millionaire? Draw a cashflow diagram based on either the borrower's
perspective or the lender's perspective.

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