With your 13th month pay of ₱25,000, you plan to buy a new laptop that costs exactly ₱25,000, but you have decided to invest the whole amount in an account that pays 4% compounded monthly. After 1 year, what is the compounded amount?
With your 13th month pay of ₱25,000, you plan to buy a new laptop that costs exactly ₱25,000, but you have decided to invest the whole amount in an account that pays 4% compounded monthly. After 1 year, what is the compounded amount?
Chapter9: Sequences, Probability And Counting Theory
Section: Chapter Questions
Problem 29RE: Alejandro deposits $80 of his monthly earnings into an annuity that earns 6.25% annual interest,...
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With your 13th month pay of ₱25,000, you plan to buy a new laptop that costs exactly ₱25,000, but you have decided to invest the whole amount in an account that pays 4% compounded monthly. After 1 year, what is the compounded amount?
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