An investment opportunity promises to pay off an amount of P1,000,000 seven years from now if one invests P400,000 today. If the interest is compounded in a semi-annual basis, what is the assumed interest rate for the investment?
An investment opportunity promises to pay off an amount of P1,000,000 seven years from now if one invests P400,000 today. If the interest is compounded in a semi-annual basis, what is the assumed interest rate for the investment?
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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An investment opportunity promises to pay off an amount of P1,000,000 seven years from now if one invests P400,000 today. If the interest is compounded in a semi-annual basis, what is the assumed interest rate for the investment?
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