An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner save at the beginning of each 3 months in order to replace the old item, if his savings earn interest at 10% compounded quarterly? OA. $3,956.84 B. $6,982.28 C. $7,156.84 D. $3,860.33
An item will need replacing in 6 years from now at a cost of P128,000.00. How much should the owner save at the beginning of each 3 months in order to replace the old item, if his savings earn interest at 10% compounded quarterly? OA. $3,956.84 B. $6,982.28 C. $7,156.84 D. $3,860.33
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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