On a girl's 10th birthday, her father started to deposit P5,000 quarterly at the end of each term in a fund that pays 1% compounded monthly. How much will be in the fund on his daughter's 17th birthday?* 144,832.94 154,834.15 144,833.10 144,823.18 134,733.62 NONE OF THESE

On a girl's 10th birthday, her father started to deposit P5,000 quarterly at the end of each term in a fund that pays 1% compounded monthly. How much will be in the fund on his daughter's 17th birthday?* 144,832.94 154,834.15 144,833.10 144,823.18 134,733.62 NONE OF THESE

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 13E

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Question

Answer this with full solution manually with formula and given and pls. don't use excel.

On a girl's 10th birthday, her father started to deposit P5,000 quarterly at the
end of each term in a fund that pays 1% compounded monthly. How much will be
in the fund on his daughter's 17th birthday?*
144,832.94
154,834.15
144,833.10
144,823.18
134,733.62
NONE OF THESE

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