Answer the Situation below correctly show your complete solution. A deposit of 120 000.00 Php is placed into a college fund at the beginning of every month for 10 years . The fund earns 9 % annual interest , compounded monthly , and paid at the end of the month . How much is in the account right after the last deposit ? c . The number of conversion period is_____________________________. d . The interest rate per period is___________. e . The present value of the deposit is___________.

Q: How much must be deposited today into the following account in order to have a $135,000 college fund…

A: Present value = Future value/(1 + r)n   Future value = 135,000 Quarterly interest rate (r) = 3.16%/4…

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Q: A deposit of 120 000.00 Php is placed into a college fund at the beginning of every month for 10…

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Q: How much must be deposited today into the following account in order to have a $135,000 college fund…

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