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g. Taylor invested PhP 100,000 at a rate of 5.8%. If the rate is compounded yearly, how much investment should she have after 3.5 years? h. Ed puts PhP 45,000 into an account to use for future expenses. The account earns 17%, compounded quarterly. How much will be in the account after 8 years? - Compare and contrast the interest earned using both simple and compound interest after 9 years, with the principal amount of PhP 25,400 and an interest rate at 3.8%. Justify your answer.

g. Taylor invested PhP 100,000 at a rate of 5.8%. If the rate is compounded yearly, how much investment should she have after 3.5 years? h. Ed puts PhP 45,000 into an account to use for future expenses. The account earns 17%, compounded quarterly. How much will be in the account after 8 years? - Compare and contrast the interest earned using both simple and compound interest after 9 years, with the principal amount of PhP 25,400 and an interest rate at 3.8%. Justify your answer.

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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g. Taylor invested PhP 100,000 at a rate of 5.8%. If the rate is compounded yearly, how much investment should she have after 3.5 years? h. Ed puts Php 45,000 into an account to use for future expenses. The account earns 17%, compounded quarterly. How much will be in the account after 8 years? Compare and contrast the interest earned using both simple and compound interest after 9 years, with the principal amount of Php 25,400 and an interest rate at 3.8%. Justify your answer.
Transcribed Image Text:g. Taylor invested PhP 100,000 at a rate of 5.8%. If the rate is compounded yearly, how much investment should she have after 3.5 years? h. Ed puts Php 45,000 into an account to use for future expenses. The account earns 17%, compounded quarterly. How much will be in the account after 8 years? Compare and contrast the interest earned using both simple and compound interest after 9 years, with the principal amount of Php 25,400 and an interest rate at 3.8%. Justify your answer.
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