How much interest will she gain

Reference no: EM133633507

Question 1. A time deposit account in a bank yields 5.5% compound interest annually. Jennifer invested P450,000 for 4 years in this savings account How much interest will she gain?

Question 2. In order to have P250,000 in 5 years, how much should you invest if the compound interest annually is 12%?

Reference no: EM133633507

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