E. Solve the following:A college savings account pays 13.2% annual interestcompounded semiannually. What is the balance of anaccount after 12 years if P21,000 was initiallydeposited?1.Maine decides to participate in an investment thatyields 3.75% interest annually. If she invests P12,500,how much will her investment be after 5 years?2.

If the interest is compounded, we use the formula A=P1+rnnt. Here, A is the final amount, P is the…

Answered: A college savings account pays 13.2%…

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 180-day note for $2,000 with interest at 7% is dated September 18, 2020. Compute the value of the note on December 1, 2020, if money is worth 5%
15
Your grandma invested some money 64 years ago into an account earning 2.91% per year, compounded quarterly. She now has $39578 in her account Round to the penny. How much money did your grandam invest 64 years ago? $ a. b. How much interest did she earn on the investment? $
A father puts Php550,000 in a savings account at a birth of his son, If the account pays 2.5% compounded semi-annually, how much will the account contain when his son turns 18 years old? O Php305,167.50 O Php301,101.69 O Php638,800. 10 O Php860,169.10
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