solve Suppose that a man lends P50,000 for four years at 12% per year simple interest. At the end ofthe four years, he invests the entire amount which he then has for 10 years at 8% interest peryear, compounded annually. How much money will he have at the end of the 14-year period?

Given that, Initial money (p) = 50,000 Time period (n) = 4 years Simple interest rate (r) = 12%

Answered: Suppose that a man lends P50,000 for…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Suppose that a man lends P50,000 for four years at 12% per year simple interest. At the end of the four years, he invests the entire amount which he then has for 10 years at 8% interest per year, compounded annually. How much money will he have at the end of the 14-year period?