Mathematics, 10.02.2021 14:30, sonynwz8570

Instead of letting their son borrow money from the bank, Andrea’s parents give him 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 him an additional ₱50...