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Compare the accumulated amount after 5 yrs of P1,000 invested at the rate of 10% compounded a. Annually; b. Semi-annually; c. Quarterly; d. Monthly; e. Daily; and f. Continuously.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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12. Compare the accumulated amount after 5 yrs of P1,000 invested at the rate of 10% compounded a. Annually; b. Semi-annually; c. Quarterly; d. Monthly; e. Daily; and f. Continuously.

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