1. Rony had a series of 12 semi-annual payments of P 12,000 at the end of every 6 months. After 6years he waited 4 years more before withdrawing the money. Determine the resulting amountof money if the money has 10% interest compounded semi-annually.

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Answered: 1. Rony had a series of 12 semi-annual…

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. Rony had a series of 12 semi-annual payments of P 12,000 at the end of every 6 months. After 6 years he waited 4 years more before withdrawing the money. Determine the resulting amount of money if the money has 10% interest compounded semi-annually.