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This document contains 8 math word problems involving compound interest calculations: 1) A man invested ₱100,000 annually for 10 years and waited another 10 years, earning 8% interest compounded annually. His total was ₱3,127,540.19 2) An employee took a ₱100,000 loan at 6% interest compounded annually to build a house. His monthly payment to pay it off in 10 years is ₱1101.80. 3) Details are given for calculations involving a ₱2000 payment every 3 months at 8% interest compounded quarterly over 6 years.

Author

Yss Castañeda

Language

EN