2. Stefanie inherited money from her grandparents. The conditions of the will state that the sum of P2,500,000 is left to her to be held in a trust fund until it amounts to P4,500,000. When will Stefanie receive the money if the fund is invested at 8% compounded quarterly?

2. Stefanie inherited money from her grandparents. The conditions of the will state that the sum of P2,500,000 is left to her to be held in a trust fund until it amounts to P4,500,000. When will Stefanie receive the money if the fund is invested at 8% compounded quarterly?

Elements Of Electromagnetics

7th Edition

ISBN:9780190698614

Author:Sadiku, Matthew N. O.

Publisher:Sadiku, Matthew N. O.

ChapterMA: Math Assessment

Section: Chapter Questions

Problem 1.1MA

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Problem 2.2

2. Stefanie inherited money from her grandparents. The conditions of the will state that
the sum of P2,500,000 is left to her to be held in a trust fund until it amounts to
P4,500,000. When will Stefanie receive the money if the fund is invested at 8%
compounded quarterly?

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