Jill plans to put her money worth PhP 455,316 in a time deposit paying 2.32% compounded monthly for 3 years. How much will be the accumulated amount assuming no withdrawal is made? NOTE: ROUND-OFF YOUR FINAL ANSWER TO 2 DECIMALS.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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Jill plans to put her money worth PhP 455,316 in a time deposit paying 2.32%
compounded monthly for 3 years. How much will be the accumulated amount
assuming no withdrawal is made?
NOTE: ROUND-OFF YOUR FINAL ANSWER TO 2 DECIMALS.
Transcribed Image Text:Jill plans to put her money worth PhP 455,316 in a time deposit paying 2.32% compounded monthly for 3 years. How much will be the accumulated amount assuming no withdrawal is made? NOTE: ROUND-OFF YOUR FINAL ANSWER TO 2 DECIMALS.
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