20.Mrs. Pineda is paying a P 3, 060 he end of each 6 months as the premium on an endowment policy vhich will pay her P 20,000 at the end of 5 years. How much would s
20.Mrs. Pineda is paying a P 3, 060 he end of each 6 months as the premium on an endowment policy vhich will pay her P 20,000 at the end of 5 years. How much would s
Chapter2: Gross Income And Exclusions
Section: Chapter Questions
Problem 29MCQ: During 2019, Carl (a single taxpayer) has a salary of $91,500 and interest income of $11,000....
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Transcribed Image Text:20.Mrs. Pineda is paying a P 3, 060 at
the end of each 6 months as the
premium on an endowment policy
which will pay her P 20,000 at the
end of 5 years. How much would she
have if she deposits each payment in
a savings account paying 3%
compounded semi-annually? ( show
your solution, submit to classwork) *
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