Supposed you owned Php1,000 today and you wished to turn it to PHP 1
million. Sounds ambitious right? However, is it possible? Yes it is! The question is,
how long will it take for your PHP 1,000 to become PHP 1 million if you plan to deposit
it in a bank that offers 2.3%? Which is best; invest it on (1.) annual simple interest
or in an (2.) annual compound interest? Will you be able to successfully make it while
you’re still alive or not?