10. What amount must be deposited by a student in a bank that pays 3 % compounded annually so that after 12 years he will have P150,000?
Add an Answer
More Questions From This User See All
Copyright © 2024 EHUB.TIPS team's - All rights reserved.
Answers & Comments
Answer:
P105,206.98
Step-by-step explanation:
F=P(1+r/n)^nt
150000=P(1+0.03/1)^1(12)
150000=P(1.42576088)
P=105,206.98
Step-by-step explanation:
x = dfrac150000 . 1001210312. Based on the given conditions, formulate: x * 1 + 3% 12 = 150000 Calculate the sum or difference:x *