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What was equivalent rate of interest compounded quarterly

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A certain amount of money becomes P111,446.05 five years from now and becomes P165,602.97 ten years from now once invested on an account that earns a compound interest. If this amount was invested three years ago on an account that earns an effective rate,

Question a) what was the principal amount invested?

Question b) what was the equivalent rate of interest compounded quarterly?

Question c) what amount of money would this account will have seven years from now?

Reference no: EM132642660

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