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II. Formula: Finding Rate/Finding Time= x 100 P = m log1 + 1) 4. On April 18, 2010, a man invested P60,000 in a bank that gives 17% interest converted quarterly. If he decides to withdraw his money once it accumulates to 78,689.25, when should he make his withdrawal?

II. Formula: Finding Rate/Finding Time= x 100 P = m log1 + 1) 4. On April 18, 2010, a man invested P60,000 in a bank that gives 17% interest converted quarterly. If he decides to withdraw his money once it accumulates to 78,689.25, when should he make his withdrawal?

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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=√(5²-1×100 II. Formula: Finding Rate/Finding Time=m x 100 log F P mlog(1+i) 4. On April 18, 2010, a man invested P60,000 in a bank that gives 17% interest converted quarterly. If he decides to withdraw his money once it accumulates to 78,689.25, when should he make his withdrawal?
Transcribed Image Text:=√(5²-1×100 II. Formula: Finding Rate/Finding Time=m x 100 log F P mlog(1+i) 4. On April 18, 2010, a man invested P60,000 in a bank that gives 17% interest converted quarterly. If he decides to withdraw his money once it accumulates to 78,689.25, when should he make his withdrawal?
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