Find the maturity value of 10,000Php when deposited in a bank that offers 3.5% compounded quarterly for 2 years. A 10,021.80PHP B 10,721.82Php 10,271.82Php D. 10,002Php

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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Q18.2
Find the maturity value of 10,000Php when deposited in a bank that offers 3.5% compounded
quarterly for 2 years.
10,021.80Php
B
10,721.82Php
10,271.82Php
D
10,002Php
Transcribed Image Text:Find the maturity value of 10,000Php when deposited in a bank that offers 3.5% compounded quarterly for 2 years. 10,021.80Php B 10,721.82Php 10,271.82Php D 10,002Php
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