Solve and show your complete solutions. I already provided the ANSWER I just need the SOLUTION. How much deposit did Bea make at the beginning of each month that will accumulate to 120 000.00 Php at 8% compounded semiannually at the end of 10 years ? Answer: Bea must deposit 656.40 Php
Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Solve and show your complete solutions. I already provided the ANSWER I just need the SOLUTION.
How much deposit did Bea make at the beginning of each month that will accumulate to 120 000.00 Php at 8% compounded semiannually at the end of 10 years ?
Answer: Bea must deposit 656.40 Php
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