Find what is asked in the problem. Show your solutionand box your final answer.1. Mr. Paul makes an initial investment of P6,000 fora period of 3 years. Find the value of theinvestment after the three years if the investmentearns the return of 10.5% compounded monthly.2. What is the term if the final amount is P7,321 andthe principal is P2,500 at 15% compound interestrate compounded quarterly?3. Find the compound interest of a $4,750 loan, 11%compound interest compounded monthly for 2.5years.4. What is the principal of a loan if the final amountis P250,000 at 8% compound interest,compounded semi-annually for 4 years?

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Answered: 1. Mr. Paul makes an initial invesiment…

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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1. Mr. Paul makes an initial invesiment of P6,000 for a period of 3 years. Find the value of the investment after the three years if the investment earns the return of 10.5% compounded monthly.