2. A father plans to invest P350,000 on his son's birth for his son's education 7 years later. If he wishes to have P1,500,000 by that time, at what rate converted quarterly should he invest his money?
2. A father plans to invest P350,000 on his son's birth for his son's education 7 years later. If he wishes to have P1,500,000 by that time, at what rate converted quarterly should he invest his money?
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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![II. Formula: Finding Rate/Finding Time=m
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2. A father plans to invest P350,000 on his son's birth for his son's education 7 years later. If he
P1,500,000 by that time, at what rate converted quarterly should he
wishes to have
invest his money?
100
F
log
P
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Transcribed Image Text:II. Formula: Finding Rate/Finding Time=m
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2. A father plans to invest P350,000 on his son's birth for his son's education 7 years later. If he
P1,500,000 by that time, at what rate converted quarterly should he
wishes to have
invest his money?
100
F
log
P
mlog(1+i)
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