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Problem - Jade would like to invest in an insurance company for her future. She wanted to save P2, 500 semi-annually in an insurance company that gives 8.2% interest rate compounded annually for 10 years.
Required -
1. What type of annuity is the given problem?
2. What is the value of j?
3. How much money will she have after 5 years?
4. What is the present value of Jade's investment after 5 years?
Home mortgage loan with an interest rate of 6% compounded monthly. His monthly mortgage payment is $875. What was the selling price of the house
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