3. Ranie makes monthly deposits at Php1,500.00 into his savings account that earns interest at 1.5% compounded monthly. How much will be the value of his savings in 10 years? Assume that the deposits are made at the end of the month.
3. Ranie makes monthly deposits at Php1,500.00 into his savings account that earns interest at 1.5% compounded monthly. How much will be the value of his savings in 10 years? Assume that the deposits are made at the end of the month.
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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