If you save P1,000 a month for the next 10 ears, at 8% per year, compounded monthly. Dw much money will you have at the end of 10 ears?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 25P
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1. If you save P1,000 a month for the next 10
years, at 8% per year, compounded monthly.
How much money will you have at the end of 10
years?
Transcribed Image Text:1. If you save P1,000 a month for the next 10 years, at 8% per year, compounded monthly. How much money will you have at the end of 10 years?
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