P1,420 is invested in an account which earns 8% interest compounded annually, which will be the balance of the account at the end of 17 years?     P5,458.84     P5,507.68     P5,387.93     P5,254.03

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 P1,420 is invested in an account which earns 8% interest compounded annually, which will be the balance of the account at the end of 17 years?

   

P5,458.84

   

P5,507.68

   

P5,387.93

   

P5,254.03

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