Tess wanted to have P100,000 on her bank account at the end of 8 years. She plans to deposit an amount at the beginning of each month at an interest rate of 3.5% compounded quarterly. a. What is her monthly deposits? b. What is the present worth of these deposits?  *Please show your correct answer and solution to this problem. ASAP! Thanks!*

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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Tess wanted to have P100,000 on her bank account at the end of 8 years. She plans to deposit an amount at the beginning of each month at an interest rate of 3.5% compounded quarterly.
a. What is her monthly deposits?
b. What is the present worth of these deposits? 

*Please show your correct answer and solution to this problem. ASAP! Thanks!*

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