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2. Bangko Maunlad offers Mrs. Miranda an investment plan. In the plan, an amount of P15,000,000 will be invested for 5 years at the rate of 2% for the first 2 years, 5% for the third year, and 6% for the fourth and fifth years, all compounded continuously. How much is the total amount of investments at the end of 5 years?

2. Bangko Maunlad offers Mrs. Miranda an investment plan. In the plan, an amount of P15,000,000 will be invested for 5 years at the rate of 2% for the first 2 years, 5% for the third year, and 6% for the fourth and fifth years, all compounded continuously. How much is the total amount of investments at the end of 5 years?

Elements Of Electromagnetics
Elements Of Electromagnetics
7th Edition
ISBN:9780190698614
Author:Sadiku, Matthew N. O.
Publisher:Sadiku, Matthew N. O.
ChapterMA: Math Assessment
Section: Chapter Questions
Problem 1.1MA
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Problem 2.1
2. Bangko Maunlad offers Mrs. Miranda an investment plan. In the plan, an amount of P15,000,000 will be invested for 5 years at the rate of 2% for the first 2 years, 5% for the third year, and 6% for the fourth and fifth years, all compounded continuously. How much is the total amount of investments at the end of 5 years?
Transcribed Image Text:2. Bangko Maunlad offers Mrs. Miranda an investment plan. In the plan, an amount of P15,000,000 will be invested for 5 years at the rate of 2% for the first 2 years, 5% for the third year, and 6% for the fourth and fifth years, all compounded continuously. How much is the total amount of investments at the end of 5 years?
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