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354

Economics

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354. If P500,000 is deposited at a rate of 11.25% compounded monthly, determine the compounded interest after 7 years and 9 months. 
? A. P690.849 ? B. P680,686 ? C. P670,258 ? D. P660,592 
355.) P200,000 was deposited at an interest rate of 24% compounded semi-annually. After how many years will the sum be P621,170? 
? A. 4 years ? B. 5 years ? C. 3 years ? D. 6 years 
356. A bank is advertising 9.5% accounts that yields 9.84% annually. How often is the interest compounded?