In an attempt to double her money in just a few years, Dahlia Santiago deposited P10,000,000 in a 2% account compounded continuously. In a second account, she deposited P 5,000,000 in an 8% account compounded continuously. When will the total amounts in both accounts be 50% more than the second account's total amount?

In an attempt to double her money in just a few years, Dahlia Santiago deposited P10,000,000 in a 2% account compounded continuously. In a second account, she deposited P 5,000,000 in an 8% account compounded continuously. When will the total amounts in both accounts be 50% more than the second account's total amount?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 4MC: Refer to the present value table information on the previous page. What amount should Brett have in...

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