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    San Chez Sanch
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    To have P98,000 at the end of 10 years investing at 8% simple interest, one must calculate the present value of that future amount. Using the present value formula, the amount needed now is approximately P72,000. Investing P72,000 at 8% simple interest for 10 years will result in P98,000 at the end of the period.

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    To have P98,000 at the end of 10 years investing at 8% simple interest, one must calculate the present value of that future amount. Using the present value formula, the amount needed now is approximately P72,000. Investing P72,000 at 8% simple interest for 10 years will result in P98,000 at the end of the period.

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    Download as DOCX, PDF, TXT or read online from Scribd
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    15 views1 page

    Practice Sheet

    Uploaded by

    San Chez Sanch
    To have P98,000 at the end of 10 years investing at 8% simple interest, one must calculate the present value of that future amount. Using the present value formula, the amount needed now is approximately P72,000. Investing P72,000 at 8% simple interest for 10 years will result in P98,000 at the end of the period.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    1.

    How much must be invested now to have P98,000 at the end of 10 years if money is
    worth 8% simple interest (get the present value)

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