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If you want to have P 100,000 from saving in a bank that gives 0.50% rate of interest compounded monthly, how much should be invested for these given term or time? After 5 years: P After 10 years: P After 15 years: P Note: 1. Be careful in keying your answer. 2. Just input the value of your answer rounded off to 2 decimal places with no spaces in between. 3. No need to indicate the unit of measurement for now.

If you want to have P 100,000 from saving in a bank that gives 0.50% rate of interest compounded monthly, how much should be invested for these given term or time? After 5 years: P After 10 years: P After 15 years: P Note: 1. Be careful in keying your answer. 2. Just input the value of your answer rounded off to 2 decimal places with no spaces in between. 3. No need to indicate the unit of measurement for now.

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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If you want to have P 100,000 from saving in a bank that gives 0.50% rate of interest compounded monthly, how much should be invested for these given term or time? After 5 years: P After 10 years: P After 15 years: Note: 1. Be careful in keying your answer. 2. Just input the value of your answer rounded off to 2 decimal places with no spaces in between. 3. No need to indicate the unit of measurement for now.
Transcribed Image Text:If you want to have P 100,000 from saving in a bank that gives 0.50% rate of interest compounded monthly, how much should be invested for these given term or time? After 5 years: P After 10 years: P After 15 years: Note: 1. Be careful in keying your answer. 2. Just input the value of your answer rounded off to 2 decimal places with no spaces in between. 3. No need to indicate the unit of measurement for now.
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