On a girls 10th birthday,her father started to deposit 5,000 pesos quarterly at the end of each term in a fund that pays 1% compounded monthly. How much will be in the fund on his daughters 17th birthday? (use j=0.002502, n=28)
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pa help thanks po
need solution
pa help thanks po
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Answer:
₱5, 362.37
Step-by-step explanation:
Maturity Value (F)
(use j=0.002502, n=28)
F= ₱5, 000 (1+ 0.002502)^ 28
= ₱5, 362.37202 or ₱5, 362.37