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Business, 26.01.2021 14:00 harpermags7830

Instead of letting their son borrow money from the bank, Andrea’s parents give her an additional ₱500,000 and Andrea decided to place all his funds into a time deposit
account. If he is willing to wait for 5 years, at what interest rate should he be investing his money, at compounding interest, to raise ₱1,000,000?

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Instead of letting their son borrow money from the bank, Andrea’s parents give her an additional ₱5...
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