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Calculate the amount of interest earned

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Q1. How much money should be invested in an account that earns 5 3% 9'6 interest, compounded quarterly, in order to have P53 555 in 4 years and 2 months?

Q2. Calculate the amount of interest earned in 2 years and 6 months on P68,400 deposited in an account paying 11.?% interest, compounded monthly.

Reference no: EM133091322

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