Solve for R. Your goal is to have Php100000 in 5 years. The bank offers 12% compounded at the beginning of each month. a. Php1212 b. Php1200 c. Php212 d. NO Answer

Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter7: Percents
Section: Chapter Questions
Problem 14PTTS
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Solve for R. Your goal is to have Php100000 in 5 years. The bank offers 12%
compounded at the beginning of each month.
a. Php1212
b. Php1200
c. Php212
d. NO Answer
Transcribed Image Text:Solve for R. Your goal is to have Php100000 in 5 years. The bank offers 12% compounded at the beginning of each month. a. Php1212 b. Php1200 c. Php212 d. NO Answer
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