A father deposits 16,000 php in a trust fund for his son's education every six months for 7 years. If money earns 12% compounded semi - annually, how much will the fund be after a) the 9th deposit? and b) after the last deposit? A 183,861.06 php; 444,490.44 php B 183,861.06 php; 336,241.05 php 134,301.40 php; 236,410.30 php 134,301.40 php; 183,861.06 php
A father deposits 16,000 php in a trust fund for his son's education every six months for 7 years. If money earns 12% compounded semi - annually, how much will the fund be after a) the 9th deposit? and b) after the last deposit? A 183,861.06 php; 444,490.44 php B 183,861.06 php; 336,241.05 php 134,301.40 php; 236,410.30 php 134,301.40 php; 183,861.06 php
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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Transcribed Image Text:A father deposits 16,000 php in a trust fund for his son's education every six months
for 7 years. If money earns 12% compounded semi - annually, how much will the fund be
after a) the 9th deposit? and b) after the last deposit?
A 183,861.06 php; 444,490.44 php
B
183,861.06 php; 336,241.05 php
134,301.40 php; 236,410.30 php
134,301.40 php; 183,861.06 php
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