I. An investment of PhP 6500.00 earns the following interest per year ir-0:03, iz=0:025, is=0:01, iz=0:05 and is-0:07. a. Create the table summarizing the accumulated value for each year. b. What is the effective interest rate (in percent) between the second and fourth year? c. If PhP 3000.50 is invested at time t=1 under the same nature of fund development, fond its accumulated value at time t=4.
I. An investment of PhP 6500.00 earns the following interest per year ir-0:03, iz=0:025, is=0:01, iz=0:05 and is-0:07. a. Create the table summarizing the accumulated value for each year. b. What is the effective interest rate (in percent) between the second and fourth year? c. If PhP 3000.50 is invested at time t=1 under the same nature of fund development, fond its accumulated value at time t=4.
Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
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Transcribed Image Text:I. An investment of PhP 6500.00 earns the following interest per year in-0:03,
iz=0:025, is=0:01, i-0:05 and is-0:07.
a. Create the table summarizing the accumulated value for each year.
b. What is the effective interest rate (in percent) between the second
and fourth year?
c. If PhP 3000.50 is invested at time t=1 under the same nature of
fund development, fond its accumulated value at time t=4.
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