11. Find the present amount (P) of ₱450,000 at 8% compounded annually for 9 years. choices   ₱252,112.04 ₱221,512.04 ₱225,112.04 ₱251,221.04

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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11. Find the present amount (P) of ₱450,000 at 8% compounded annually for 9 years.

choices

 

₱252,112.04
₱221,512.04
₱225,112.04
₱251,221.04
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