1.
Mrs. Rosa deposits Php 10,000 an interest rate of 5% compounded annually,
How much will she have in her account at the end of each year in the first 3
years.
Solution:
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1.
Mrs. Rosa deposits Php 10,000 an interest rate of 5% compounded annually,
How much will she have in her account at the end of each year in the first 3
years.
Solution:
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Step-by-step explanation:
given:
P=10,000
i=5%
n=3yrs
F=?
F=P(1+i)^n
F= 10000(1+5%)^3
F=11,576.25
Answer:
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Step-by-step explanation:
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