1. Harold expects to receive Php 200,000 five years from now. How much is the money worth now if the interest rate is 10% compounded monthly? 2.Calculate the annual interest rate compounded semi-annually that will allow a principal sum of Php 40,000 accumulate to Php 80,000 after five years.

1. Harold expects to receive Php 200,000 five years from now. How much is the money worth now if the interest rate is 10% compounded monthly? 2.Calculate the annual interest rate compounded semi-annually that will allow a principal sum of Php 40,000 accumulate to Php 80,000 after five years.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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What us the correct to the questions below (numbers 1 and2)?

1. Harold expects to receive Php 200,000 five years from now. How much is the money worth now if the interest rate is 10% compounded monthly?

2.Calculate the annual interest rate compounded semi-annually that will allow a principal sum of Php 40,000 accumulate to Php 80,000 after five years.

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