As a senior high school student, Jose decided to start making investments. He is going to deposit 600Php at the end of month for one year to an investment account that gives 6% interest rate compounded monthly. How much is the future value of annuity at the end of one year? A 8,095.26Php 10,121.96Php 7,401.34Php D 11,021.67Php

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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As a senior high school student, Jose decided to start making investments. He is going to
deposit 600Php at the end of month for one year to an investment account that gives 6%
interest rate compounded monthly. How much is the future value of annuity at the end of
one year?
A 8,095.26Php
10,121.96Php
7,401.34Php
11,021.67Php
Transcribed Image Text:As a senior high school student, Jose decided to start making investments. He is going to deposit 600Php at the end of month for one year to an investment account that gives 6% interest rate compounded monthly. How much is the future value of annuity at the end of one year? A 8,095.26Php 10,121.96Php 7,401.34Php 11,021.67Php
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