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In: Accounting

1. How much will be the equivalent worth of ₱2M invested today for three years at...

1. How much will be the equivalent worth of ₱2M invested today for three years at a commercial
rate of 10% compounded quarterly?
2. A father wishes to provide his daughter the amount of ₱1M twelve years from now. How much
should he invest after two years, if it will earn interest at 8% compounded monthly for the first five
years and 12% compounded quarterly in the next five years?

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