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At certain interest rate compounded quarterly, P1,000 will amount to P4

Economics

At certain interest rate compounded quarterly, P1,000 will amount to P4.500 in 15 years. What is the amount at the end of 10 years?

Select one:

a. P2,825.70

b. P2,725.70

c. P2,525.70

d. P2,625.70

Option 1

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Option 2

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