If P100,000 is deposited in an account paying 5% compounded quarterly, how much is in the account at the end of 2 years? P 134,715.105041 P 134,725.105041 P 134,735.105041 P 134,745.105041 O O

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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If P100,000 is deposited in an
account paying 5%
compounded quarterly, how
much is in the account at the
end of 2 years?
P 134,715.105041
P 134,725.105041
P 134,735.105041
P 134,745.105041
Transcribed Image Text:If P100,000 is deposited in an account paying 5% compounded quarterly, how much is in the account at the end of 2 years? P 134,715.105041 P 134,725.105041 P 134,735.105041 P 134,745.105041
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