A fund is created by making equal monthly deposits of P4,000 at 9% converted monthly for half a year.  Find the following:   Question 18 options:   amount in the fund after the 4th deposit.   the sum after half a year   periodic  rate of interest   total number of conversion/compounding periods.   periodic deposit   1. 0.75 2. 0.0075 3. 6 4. 1/2 5. P24, 454.53 6. P16, 180.90 7. P4,000.00

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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A fund is created by making equal monthly deposits of P4,000 at 9% converted monthly for half a year. 

Find the following:

 

Question 18 options:

 

amount in the fund after the 4th deposit.

 

the sum after half a year

 

periodic  rate of interest

 

total number of conversion/compounding periods.

 

periodic deposit

 
1.

0.75

2.

0.0075

3.

6

4.

1/2

5.

P24, 454.53

6.

P16, 180.90

7.

P4,000.00

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