FDNBUSM COLLABORATION ACTIVITY #2 (MADE BY: TANA MELGAR AND KENSHIN CORRAL

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- COLLABORATION ACTIVITY #2 CORRAL & MELGAR (PAIR 2)
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- QUESTIONS
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- 1-What is the compound amount of P35,000 invested at 24% interest compounded monthly for 15 months?
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- 3- If a certain principal is doubled in 16 years, what is the interest rate compounded quarterly at which it is invested?
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- SOLUTION TO #1
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- GIVEN: P = 35,000 j = 24% m = 12 t = 1.25 years F = ?
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- The Compound Amount is Php 47, 105.45.
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- SOLUTION TO #3
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- GIVEN: P = x F = 2x t = 16 m = 4 i = ?
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- The interest rate is 1.08%.
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- THANK YOU FOR WATCHING
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- HOPE YOU LEARNED SOMETHING NEW!