3. If P = P85,500, and r = 1.25% compounded monthly for 1 year, find the compound interest. What is the first component that should be computed? What formula will be used? How much is the maturity...

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3. If P = P85,500, and r = 1.25% compounded monthly for 1 year, find the compound interest.<br>What is the first component that should be computed?<br>What formula will be used?<br>How much is the maturity value?<br>

Extracted text: 3. If P = P85,500, and r = 1.25% compounded monthly for 1 year, find the compound interest. What is the first component that should be computed? What formula will be used? How much is the maturity value?

Jun 05, 2022

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3. If P = P85,500, and r = 1.25% compounded monthly for 1 year, find the compound interest. What is the first component that should be computed? What formula will be used? How much is the maturity...

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