a factory savings plan, a workman deposits P 25 at the beginning of each month for 4 years, and the management guarantees accumulation at x% compounded monthly. If the workman's credit at the end of 4 years amount to P 1,359, what is the value
a factory savings plan, a workman deposits P 25 at the beginning of each month for 4 years, and the management guarantees accumulation at x% compounded monthly. If the workman's credit at the end of 4 years amount to P 1,359, what is the value
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 19PROB
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Under a factory savings plan, a workman deposits P 25 at the beginning of each month for 4 years, and the management guarantees accumulation at x% compounded monthly. If the workman's credit at the end of 4 years amount to P 1,359, what is the value of x?
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