Find the amount of an ordinary annuity if P3,500 is payable every three months for 6 years and 6 months. Money is worth 5% compounded monthly. A. P237,281.80 B. P321,801.00 C. P229,095.30 D. P232,667.10
Find the amount of an ordinary annuity if P3,500 is payable every three months for 6 years and 6 months. Money is worth 5% compounded monthly. A. P237,281.80 B. P321,801.00 C. P229,095.30 D. P232,667.10
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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Find the amount of an ordinary annuity if P3,500 is payable every three months for 6 years and 6 months. Money is worth 5% compounded monthly.
A. P237,281.80
B. P321,801.00
C. P229,095.30
D. P232,667.10
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