Rose is the beneficiary of Php 1,000,000.00 insurance policy. Instead of taking the money as lump sum, she opted to receive a monthly stipend over a period of 10 years. If an insurance policy pays an interest of 5% compounded annually, what will be her monthly stipend?
Answers & Comments
Answer:
50 000
Step-by-step explanation:
basta magmanus ka ng 5% sa 1m =50000