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What sum of money will be required to settle an obligation

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Reference no: EM132729290

Problem 1: Find the compound amount and interest on P5,000 at 5 ½% for 5 years and 9 months compounded quarterly.

Problem 2: What sum of money will be required to settle an obligation of P20,000 after 4 years and 3 months at 5% compounded semiannually?

Reference no: EM132729290

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