How much will I earn?

You decided to join a Kabataan Savers Club which aims for financial growth of

the youth nowadays. If you pay ₱1,000.00 at the end of each month for 5 months

on account that pays interest at 5 % compounded monthly, how much money

will you have after 5 months?



Guide Questions:

1. What type of annuity is present in the problem?

2. What were the given presented?

3. What formula should you use to solve the problem?

4. What would be the answer in the problem?
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