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A businesswoman invested P 5000.00 in a mutual fund that grows pro compounded continuously. How much will the fund value be after sev years if no deposits and/or withdrawals have been made since the tim of investment given the following conditions: a) for the first four years the constant interest rate is 8.5% and; b) for the last 3 years, the intere rate is 9.5%? * O 9271.44 PHP O 8912.47 PHP

A businesswoman invested P 5000.00 in a mutual fund that grows pro compounded continuously. How much will the fund value be after sev years if no deposits and/or withdrawals have been made since the tim of investment given the following conditions: a) for the first four years the constant interest rate is 8.5% and; b) for the last 3 years, the intere rate is 9.5%? * O 9271.44 PHP O 8912.47 PHP

Advanced Engineering Mathematics
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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A businesswoman invested P 5000.00 in a mutual fund that grows profit compounded continuously. How much will the fund value be after seven years if no deposits and/or withdrawals have been made since the time of investment given the following conditions: a) for the first four years, the constant interest rate is 8.5% and; b) for the last 3 years, the interest rate is 9.5%? * 9271.44 PHP 8912.47 PHP 9854.32 PHP O 10,001.87 PHP
Transcribed Image Text:A businesswoman invested P 5000.00 in a mutual fund that grows profit compounded continuously. How much will the fund value be after seven years if no deposits and/or withdrawals have been made since the time of investment given the following conditions: a) for the first four years, the constant interest rate is 8.5% and; b) for the last 3 years, the interest rate is 9.5%? * 9271.44 PHP 8912.47 PHP 9854.32 PHP O 10,001.87 PHP
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