How long will an account invested at 11.5% compounded yearly is tripled?13. What is the present worth of two P 100.00 payments at the end of the third year and fourth year? The annual interest rate is 8%.
14. A house and lot costing P2M was bought at a down payment of P 500 000.00 and P 1m after one year. The remaining balance will be paid at the end of the third year. If the interest is 24 % compounded semi- annually, what is the required payment?

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