Determine the interest rate compounded semiannually

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Determine the interest rate compounded semiannually at which the P500 payment every six months will amount to P27,000 in 12 years.

Reference no: EM13204834

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Determine the interest rate compounded semiannually : Determine the interest rate compounded semiannually at which the P500 payment every six months will amount to P27,000 in 12 years.
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