By the conditions of a will, the sum of P20,000 is left to a girl to be held in a trust fund by her guardian until it amounts to P50,000. When will the girl received the money if fund invested at 8% compounded quarterly?
By the conditions of a will, the sum of P20,000 is left to a girl to be held in a trust fund by her guardian until it amounts to P50,000. When will the girl received the money if fund invested at 8% compounded quarterly?
Chapter19: Family Tax Planning
Section: Chapter Questions
Problem 27P
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Transcribed Image Text:By the conditions of a will, the sum of P20,000 is left to a girl
to be held in a trust fund by her guardian until it amounts to
P50,000. When will the girl received the money if fund invested
at 8% compounded quarterly?
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