monthly. a. How much is the value of these 10 equal deposits after 9 months from today? b. If Ramoncito failed to pa
monthly. a. How much is the value of these 10 equal deposits after 9 months from today? b. If Ramoncito failed to pa
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.59TI: New grandparents decide to invest 3200 per month in an annuity for their grandson, The account will...
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Ramoncito deposited P15,000.00 today and he deposited the same equal amount each month for the next 9 months. Interest is 7% compounded monthly.
a. How much is the value of these 10 equal deposits after 9 months from today?
b. If Ramoncito failed to pay the last two monthly payments (8th and 9th), how much should he pay the bank a single amount of 14th month?
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