2. Mina deposits P6,000 every month for her business. If the interest rate is 10% compounded quarterly, what lump sum value can she expect after 20 years? P 1,490,296.28 P 1,474,887.17 P 4,556,2|13.02 а. с. b. d. P 4,507941.80

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter16: The Markets For Labor, Capital, And Land
Section: Chapter Questions
Problem 12P
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Mina deposits P6,000 every month for her
rate is 10%
2.
business. If the interest
compounded quarterly, what lump sum value
can she expect after 20 years?
P 1,490,296.28
P 1,474,887.17
P 4,556,2|13.02
P 4,507941.80
с.
а.
d.
b.
Transcribed Image Text:Mina deposits P6,000 every month for her rate is 10% 2. business. If the interest compounded quarterly, what lump sum value can she expect after 20 years? P 1,490,296.28 P 1,474,887.17 P 4,556,2|13.02 P 4,507941.80 с. а. d. b.
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