1. P 25 000.00 will be invested in an account at the end of each year at 4% compounded semi-annually. Find the size of the fund at the beginning of the 16th year. 0000 anLand of each quarter for 3 vears at the

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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1. P 25 000.00 will be invested in an account at the end of each year at 4% compounded semi-annually. Find the
size of the fund at the beginning of the 16th year.
2. The latest cell phone sells P 15 000.00 downpayment and P 9000 every end of each quarter for 3 years at the
rate of 8% compounded semi-annually. Find the cash equivalent of the cell phone.
Transcribed Image Text:1. P 25 000.00 will be invested in an account at the end of each year at 4% compounded semi-annually. Find the size of the fund at the beginning of the 16th year. 2. The latest cell phone sells P 15 000.00 downpayment and P 9000 every end of each quarter for 3 years at the rate of 8% compounded semi-annually. Find the cash equivalent of the cell phone.
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