Question

Asked Oct 29, 2019

[Consumers Mathematics: Accumulation Factor Method]

As a 50th birthday present to his wife , a husband deposited P 16800 in her account in investment that pays 5% compounded quarterly. How much will she have in the investment in her 66th birthday.

Step 1

Given that at 50th birthday present to his wife , a husband deposited P 16800 in her account in investment that pays 5% compounded quarterly.

Step 2

Using formula

Step 3

In given pro...

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