4. Saving for his retirement days is the main reason Mr. Suarez invests his money in an account that would earn compounded interest to grow his wealth. He deposited P10,000,000 in a 2% account compounded continuously. In a second account, he deposited P 5,000,000 in an 8% account compounded continuously. When will the total amounts in both accounts be equal? When will the total amount in the second account be 50% more than the total amount in the first account?

4. Saving for his retirement days is the main reason Mr. Suarez invests his money in an account that would earn compounded interest to grow his wealth. He deposited P10,000,000 in a 2% account compounded continuously. In a second account, he deposited P 5,000,000 in an 8% account compounded continuously. When will the total amounts in both accounts be equal? When will the total amount in the second account be 50% more than the total amount in the first account?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

how did you find p= 4.1 in step 2
Average Total Cost (Dollars per bike) QQ = 100 QQ = 200 QQ = 300 QQ = 400 QQ = 500 QQ = 600 1 140 60 40 80 160 320 2 230 110 40 40 110 230 3 320 160 80 40 60 140
4
The following figure represents the Marginal Abatement Cost curves of two paper towel factories: Unbleached Factory, Number 1 and Bleached Factory, Number 2 in the figure. Their MAC functions are: MAC1 = 61.5E1 and MAC2 = 6 -0.75E2 E1 and E2 are the emissions of the two firms in tonnes.
Please do in excel
I need the answer as soon as possible
Hello can anyone help me answer this one question. Thank you!
The following Table is for answering questions below: Input Output TFC TVC TC MC 200 1000 400 1000 X - T 1200 W Z Y 5 What is the value of W ? 400 200 1000 None of the above
Distinguish between past and present designs in the light of economic efficiency
Problem 4/ A firm produced two types of television x of type A and y of type B per year (in thousands). If the revenue and cost equations for the year are (in million dollars) R(x, y) = 3x+6y C(x, y) = x2 + y2-3x-2y-8 Determine how many of each type of television should be produced per year to maximize profit? What is the maximum profit?
What is meant by General Electric(GE)?
g