Problem Statement: CE Board November 1994
P500,000 was deposited 20.15 years ago at an interest rate of 7% compounded semi-annually. How much is the sum now?
- A. P2,000,000
- B. P2,000,150
- C. P2,000,300
- D. P2,000,500
The sum of money now deposited 20.15 years ago is P2,000,150.
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