1. A man wishes to have P 100,000.00 on a bank that earns an exact...
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Accounting
1. A man wishes to have P 100,000.00 on a bank that earns an exact simple interest rate of 8.50%. a. How much money should he deposit on an account to fulfill his wish if he decided to deposit it two days from December 1, 2020 and withdraw this account on August 15, 2021 and no other withdrawals will takes place? (10 points) b. When will this wish takes place if he decided to deposit an amount of P 80,000 on December 1, 2020 without any other withdrawals? (10 points)
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