Manny wishes to determine how long will it take an initial deposit of P100,000 to double.


a. If Manny earns 10% annual interest on the deposit
b. If Manny earns only 10% compounded semi-annually
c. If Manny earns 10% compounded quarterly d. If Manny earns 10% compounded monthly
e. Reviewing your findings in parts a, b, c, d, and e, indicate what relationship exist between the interest rate and the amount of time it will take Manny to double his money.​